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Hot Topic EARNINGS
Hot Topic EARNINGS
2 mins to read

The unofficial official cash rate

Thu, 11 Mar 2010

Officially, the official cash rate is 2.5%.

Reserve Bank governor Alan Bollard left it at that level today – as everyone expected.

But he also said that, unofficially, the official cash rate is 4%, give or take a basis point or two.

How come?

It’s the fiscal stimulus’s fault. Not our government’s

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The unofficial official cash rate
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