Market expectations of the official cash rate

Release date
01/06/2001
Reference
Vol. 64. No. 2. June 2001
Authors
Leo Krippner; Michael Gordon
The Reserve Bank is interested in expectations of the official cash rate that are held by financial market participants. In this article we discuss two formal methods by which the Bank measures these expectations; a direct survey of market surveys, and extracting OCR expectations indirectly from financial market prices.