Free Trial

Bring On The Easing Cycle


STIR markets within the $-bloc are poised for a noticeable easing cycle in 2024, although the trajectory appears to be marginally less assertive than what was reflected in mid-December pricing.

  • The US, Canada, and NZ are all indicating expectations for at least a 100bp reduction in policy rates.
  • Australia stands out as an exception, with only approximately two 25bp cuts factored in by November 2024. Nevertheless, it is still projected to boast the lowest official rate within the $-bloc by the conclusion of 2024.

Figure 1: $-Bloc STIR

Source: MNI – Market News / Bloomberg

To read the full story



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.