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Looking ahead at rates

Friday, July 1st 2011, 11:00AM

Where to for floating rates

Tony Alexander said in his Weekly Overview newsletter this week that this is the most uncertain interest rate forecasting environment that we have ever seen. To help illustrate that point we have pulled this graph out of one of the three papers economist Rodney Dickens has produced on interest rate setting. The coloured lines show how the Reserve Bank has regularly changed its forecast for 90 bank bills over a number of quarters. It's a useful graph as the 90 day bills are a good proxy for the OCR.

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Disclaimer: Every possible effort has been made to keep the information in the rates tables as accurate as possible, however, neither the publishers of Mortgage Rates nor anyone engaged to compile these tables accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details directly with the provider concerned.

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