Reserve Bank likely to confirm no rate hike in this week’s OCR review

Mon, 27 Apr 2015

By Jonathan Underhill April 28 (BusinessDesk) - The Reserve Bank will likely change its language in this week’s review of the official cash rate after a senior bank official last week said a hike in interest rates isn’t being considered at present. Governor Graeme Wheeler is expected to keep the OCR unchanged at 3.5 percent on Thursday but may drop the language he used in the monetary policy statement on March 12 that “future interest rate adjustments, either up or down, will depend on the emerging flow of economic data.” Last week, as...

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