Free Trial
US EURODLR OPTIONS

Large ITM Put Spd

US TSY OPTIONS

10Y and 5Y Put Spd Update

US EURODLR FUTURES

BLOCK, Green Packs

OPTIONS

Expiries for Sep26 NY cut 1000ET (Source DTCC)

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Orr Notes That The Bank Didn't Get Close To 75bp Hike

RBNZ

RBNZ Governor Orr notes that the neutral rate is a great unknown which needs to be under constant review.

  • Flagging demographic shifts, various factors putting upward pressure on the neutral rate, which may mean the Bank is not be doing as much work as previously assumed when it comes to providing headwinds for the economy.
  • Orr notes that the RBNZ didn’t get close to a 75bp rate hike when questioned on the matter. References other central banks starting from lower levels and later than the RBNZ, as was noted in the accounts of the meeting in an inenrational context re: the size of rate hikes.
103 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

RBNZ Governor Orr notes that the neutral rate is a great unknown which needs to be under constant review.

  • Flagging demographic shifts, various factors putting upward pressure on the neutral rate, which may mean the Bank is not be doing as much work as previously assumed when it comes to providing headwinds for the economy.
  • Orr notes that the RBNZ didn’t get close to a 75bp rate hike when questioned on the matter. References other central banks starting from lower levels and later than the RBNZ, as was noted in the accounts of the meeting in an inenrational context re: the size of rate hikes.