Mortgage News

Rates expected to rise this week

Monday 15th of April 2002

With only the March quarter inflation data to come, most economists expect the Reserve Bank will raise its official cash rate (OCR) from 5% to 5.25% on Wednesday.

A Reuters poll earlier this month found 10 of 11 forecasters were picking a 25 basis point rise this week. Increasingly, they are also seeing a further 50 basis point increase...

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