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J.P.Morgan Recommend Receiving Aug ’24 RBNZ OIS


J.P.Morgan write “the NZD OIS curve shifted lower and flatter following the Bank’s on-hold decision, but in our view remains too high/steep versus both domestic fundamentals and relative to global peers.”

  • •“We open a received position in August RBNZ OIS given markets are pricing around a 50% chance of a move, still elevated in the recent range and in the context of clear progress toward the inflation target being hit in 2H24.”
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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