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First RBA Cash Rate Setting To Catch Tuesday's Hike

RBA

RBA overnight cash rate sets at 0.31%, up from 0.07% and obviously captures the hike from Tuesday, just above the mid-point of the cash rate target/interest rate paid on surplus E/S balance corridor (which stands at 0.30%). IBK2 has an implied rate of 0.29% at present, expires on 31 May.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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