TMM - News

Market pricing 50% chance of OCR cut: ANZ

Monday 3rd of September 2018

The swap market priced a 20 percent chance of an OCR cut immediately after the central bank’s recent MPS announcement, but has moved following weak business confidence data.

In its latest weekly update to the market, ANZ said falling business confidence delivered a further blow after the central bank's dovish language last month.

ANZ’s recent Business Outlook Survey indicated fall...

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