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#795 (permalink)

12-04-2007, 12:35 PM

Big Mike

Member

Join Date: Oct 2005

Posts: 1,606

BOC Rate cut

Jamie, agree with you that the market sets the rate, not the Central Bank.
But in the case today David Dodge went contrary to the market rate. Even your chart shows that the market 3 month rate is in excess of 5%. If anything, the rate should've been the same, or go up.

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