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Analysis
Weighing up next week’s decision by the Reserve Bank
Five weeks ago, when the Reserve Bank last reviewed the official cash rate, we switched our view from predicting the OCR would stay at 2.5% throughout most of 2016 to forecasting another cut in interest rates. At the time, it was close to a 50-50 call, and was mostly reliant on the world economy continuing to be an unsettling influence. So how have things unfolded since that last OCR review?
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