With talk now focusing on when the next cut in interest rates will be, its time to remind readers that the MAIN trend is still definetly still up !

The 3 month interbank rate has corrected from a high of just over 5% to the recent low of 4.58%. The signs are that the correction is coming to an end and targetting a resumpton of the uptrend towards the long-term target of 5.75%

Taking the previous angles of uptrend this projects a cross to 5.75% some time late 2006.

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