"Some increase" in interest rates still likely - but some way off.
Similar rises in the US currency triggered debt crises in Latin America in the late 1980s and in East Asia in the late 1990s.
Interest rates for small to medium sized firms are now back to what they were in mid-2005, hence the calls for a cut.
An interest rate cut is not likely - but it is less unlikely than it was.
Wheeler to hold off future OCR hikes as economic ground shifts under his feet.
Global growth is now increasingly uneven between countries.
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