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RBA Dated OIS Shunts Firmer Following CPI Monthly’s Beat

STIR

RBA Dated OIS has shunted 6-19bps firmer following today’s CPI data, with late 2024 and 2025 meetings leading.

  • The market gives a 25bp hike in August a 44% chance.
  • Terminal rate expectations have also shifted to 4.46% from 4.37% before the data.


Figure 1: RBA-Dated OIS – Pre- Vs. Post-CPI



Source: MNI – Market News / Bloomberg

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