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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.
STIR
At its policy decision meeting at 0530 BST, the RBA is anticipated to keep the cash rate steady at 3.60% following the lower-than-expected Q1 core CPI. The statement's tone will likely be the focus, along with any indication of revised forecasts. After the meeting, RBA Governor Lowe will speak at 1220 BST.
- RBA dated OIS is flat to 3bp firmer across meetings with a 14% chance of a 25bp hike priced for today's meeting.
- Terminal rate expectations (August) sit at 3.71% for a cumulative tightening of 14bp.
- Year-end easing expectations sit at 12bp.
Figure 1: RBA-Dated OIS – Today Vs. Yesterday
Source: Bloomberg / MNI - Market News
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.
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