1 September 2011

Economists change their rate hike forecasts

The majority of economists surveyed by Bloomberg expect the overnight rate to go up by 75bps (0.75%) by the year-end 2012. In other words, by the end of 2012 the approximate prime rate may be about 3.75%. And in 2013, we may face a little bit stronger tightening of a 100bps (1.00%) rate hike…
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