Banks pick a drop in official cash rate

An official cash rate of 3.5 per cent, which would have been base camp in previous cycles, is now being seen as the highest it will climb this time. ANZ, Westpac and the ASB are all predicting that the next move in the official cash rate will be lower.

An official cash rate of 3.5 per cent, which would have been base camp in previous cycles, is now being seen as the highest it will climb this time. ANZ, Westpac and the ASB are all predicting that the next move in the official cash rate will be lower.

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