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2. If the central bank raises the official cash rate (OCR) by 1 percent, all of the following are likely to be true except: (a)
2. If the central bank raises the official cash rate (OCR) by 1 percent, all of the following are likely to be true except: (a) the short term interest rates at which private banks to lend to each other is likely to increase by 1 percent; (b) the rate at which private banks can borrow from the central bank will increase by 1 percent; (c) banks will reduce their willingness to lend to private customers; (d) inflation will be much lower than its target
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