MR - Experts Views

Scattered OCR forecasts by economists

Thursday 5th of August 2010

The Reserve Bank increased the Official Cash Rate (OCR) by 25 basis points to 3.00% as widely expected last Thursday. However it also made comment that the pace and extent of further OCR increases is likely to be more moderate relative to the track set in June.

The major banks have now changed tack with completely different expectations from their economists as to how the tightening cycl...

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