OCR pressure

ANZ was one of the first banks to put a November date on it, and other banks, via their various economic newsletters and missives, are slowly aligning themselves with that view.

Milking It reckons it can't come soon enough.

The economic data reported faithfully each quarter by the media is always dated and therefore out of step with what's happening on the ground.

Out here in the real world, businesses are failing and need interest rate relief right now.