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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EXECUTIVE SUMMARY
- We think that the data and RBA communique point to a final 50bp hike at the Bank’s October meeting, which would leave the cash rate target at 2.85%.
- Market pricing surrounding the terminal rate has shifted higher again in recent weeks’ although the June peak of ~4.50% has not been breached.
- The RBA has made it very clear that its decisions will be data dependent and this month’s data show that the economy continues to operate in a resilient manner.
- Click to view full preview: MNI RBA Preview - October 2022.pdf
Fig.1: The Recent Evolution of OIS Implied Pricing Of The RBA Cash Rate (%)
Source: MNI – Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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