Odds favour a rate cut but it's a line ball call

Mon, 11 Nov 2019

The odds are slightly in favour of an interest rate cut on Wednesday, but it’s by no means a done deal.The central bank cut the official cash rate by 50 basis points to 1 percent in August but remained on hold in September. Of 18 economists polled by Bloomberg, 12 are expecting the Reserve Bank's monetary policy committee to make a 25 basis-point cut to 0.75 percent while six are expecting the central bank to remain on hold. Market pricing points to around a 64 percent chance of a cut.ASB economist Mark Smith is on the cut side of th...

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