Free Trial

OIS Pricing 16bp Of Tightening At Today's Decision Early On

RBNZ

Early pricing points to the OIS strip pricing 16bp of tightening at today's RBNZ decision, which equates to a ~64% chance of a rate hike. A cumulative ~50bp of tightening is priced come the end of the Bank's November meeting i.e. 2x 25bp hikes over the next 3 meetings. A BBG headline has confirmed that the RBNZ will issue its latest monetary policy decision at 14:00 Wellington time today (03:00 London), as is the norm.

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

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.