7 April 2011
These factors have influenced the previous poll on February 24. Then economists expected the next rate hike in May.
According to the recent survey, none of the 41 analysts expected a rate hike on April 12. Nine of them saw May as the earliest possibility, compared with 13 in February. Moreover, a third of respondents in February had expected the first rate increase in April.
This time all 12 primary dealers, who work directly with the central bank, say the central bank will raise rates by 25bps (0,25%) at least twice by the end of 2011. In addition to it, seven of 12 primary dealers name July as the date of the first rate hike.
We are still offering low 5 years fixed rates with rate hold for up to 6 months, so if you in a market for real estate – don’t wait, get pre-approved and shop with confidence.