Free Trial

Barclays - In our view, today's decision and...>

RBNZ
RBNZ: Barclays - In our view, today's decision and Governor Orr's conference
pave the way for further easing and we expect another 25bp cut in November now,
with risks of more easing beyond that.
Citi - Our STIRT desk reports that the MPC acknowledged that the outlook for
employment and inflation was weaker than expected, deciding the larger stimulus
would be better support the economy. The OCR Projection in the accompanying MPS
was also lowered by 45bps to a terminal rate of 0.91 by December 2020. Roughly,
we are currently still pricing in 19bps of cuts to November with 2y IRS 18bps
lower.

To read the full story

Close

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.