Click below for the latest Tony’s View from Tony Alexander for Independent economic commentary.
Thursday 29 February 2024
No surprise monetary policy unchanged
In this week’s issue of TV I run through reasons why a rise in the Reserve Bank’s official cash rate yesterday was never on the cards. I then discuss their decision and note falls in wholesale borrowing costs which followed. Minor bank fixed rate cuts seen in the past 2-3 months are likely to continue. But big declines are still many months away.
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