Reserve Bank: Lower inflation and interest rates, higher growth on the horizon
The big change is in the outlook for consumer prices index inflation as well as the critical 90-day interest rates, which have a direct correlation with mortgage interest rates.
Rob Hosking Thu, 12 Mar 2015
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The Reserve Bank surprised no one this morning by its "no change" official cash rate decision.
While overnight index swap (OIS) markets are pricing in an OCR cut by the end of the year, governor Graeme Wheeler repeated his January
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