Banks expect interest rates to rise in the short term. They are currently paying nearly a percentage point more for 12-month funding than they are for three. This indicates that they are expecting two more 50 basis point rate hikes, says Coronation (JSE: CML) money market manager Tania Miglietta.
03 August 2007
Two More Rate Hikes Coming
Market expects two more rate hikes
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1 comment:
mmm, when is the next mpc meeting?
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