Economists ponder Wheeler’s attitude as markets see rate cut in next 12 months

Mon, 22 Oct 2012

By Jonathan Underhill Oct. 23 (BusinessDesk) – Economists and the market differ in their guesses on how new Reserve Bank governor Graeme Wheeler will approach monetary policy, though on the face of it there’s little reason to change interest rates at his debut review this week. All 15 economists in a Reuters survey expect no change to the official cash rate, which has been at 2.5 percent since March last year, on Thursday. Traders, though, see a 13 percent chance of a cut this week and 26 basis points of cuts over the next 12 months. The New...

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