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mpc: 23 According to the most recent Reuters poll, of the 44 economists surveyed, 19 expected a 25 basis point increase in the repo rate this month and 25 expected no change. The mean probability attached to a 25 basis point increase was 48%. Respondents were unanimous that if the repo rate were to be left unchanged this month, it would be raised in May. The mean expectation of the repo rate at the end of 2004 was now 4.68%, a rise of 9 basis points over the past month.