What did we find? Part 2. Cash Rate Forecasts: 3 yrs to 3/08. ANZ has stormed into the lead, thanks to a stumble by long term leader Macquarie. Macca's insistence deep into 2007 that cash rates would be 6-25% in March 2008 has hurt them, as the Root Mean Square Error methodology is pretty harsh on 1% error rates. Looking forward, it's likely that ANZ will extend its lead next quarter, while Macquarie will slip further back in the pack.
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