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OCR tightening unlikely
Wednesday 18th of August 1999
The Reserve Bank is likely to maintain the Official Cash Rate at the 4.5 per cent mark today when it releases its latest Monetary Policy Statement. However, economists believe the bank may bring forward the date of its first tightening to the March quarter 2000.
"We believe, on balance, that there has been little to change the Reserve Bank's view of an only modest pickup in economic activit...
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