Friday, 15 May 2009

Interest rate reduction a slight favourite

The Owl/Crikey Interest Rate Indicator gives a 60% probability of the Reserve Bank lowering rates at its meeting tomorrow. Opinion is divided between whether a 0.25% or a 0.5% cut is likely with both assessed as 27% chances with an even greater cut rates only a 6% chance. That the Bank will decide to leave rates where they are is put at a 40% chance.

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