MR - Experts Views

Wholesale interest rates fall

Tuesday 25th of August 2009

ASB Economists again reiterate their view that the Reserve Bank will cut the official cash rate at its next review on September 10.

The market has underestimated the RBNZ's willingness to cut further, with market pricing implying the easing cycle is over - and that the OCR will increase as early as the start of 2010. This is despite the RBNZ becoming more explicit, expressing its intenti...

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