OCR — remained FLAT @ 2.25%
You’ll already be aware that the OCR stayed flat last week and that a very clear easing bias remains. It’s difficult to read this yo-yo market as there are plenty of ups & downs to factor in which leads to the middle-ground decision just made! Whether the OCR gets cut again is clearly a borderline call. We’ve still got housing market strength & a relatively high foreign exchange rate - in my view, the main reasons there’s a game of cat & mouse going on. Moving the OCR has lit
