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RBA Dated OIS Slightly Firmer Ahead Of CPI Monthly Data For January

STIR

Today, the local calendar will see CPI Monthly data for January. It is expected to increase moderately to 3.6% y/y from 3.4% in December. As it is the first month of the quarter it will contain limited updated information on services and will mainly cover goods prices.

  • RBA-dated OIS pricing is 1-4bps firmer across meetings beyond May.
  • A cumulative 33bps of easing is priced by year-end.


Figure 1: RBA-Dated OIS – Today Vs. Yesterday



Source: Bloomberg / MNI - Market News

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