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Greek debt puts Aussie rates on hold

13/05/2010

Interest rates may not rise again this year because of continuing concerns about the debt crisis in Europe. Some experts are now saying there is even the chance of a an unexpected rate cut next month.

"There is now a small bias for a decrease in June," ASX derivatives markets manager Kristye van de Geer said yesterday. Macquarie Bank interest rate strategist Rory Robertson said no change to rates for a while was likely. "The RBA almost certainly will be on hold for next few months at least, and perhaps for much longer," Mr Robertson said.

The Daily Telegraph



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