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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.
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RBNZ dated OIS pricing has further pared Friday’s significant firming, prompted by ANZ Bank's 'OCR to 6.0%' forecast.
- Speaking to a parliamentary committee today, RBNZ Governor Orr stated that “Inflation at 4.7% annualised is still too high, we’re aiming for 2%. That’s why we’ve retained a restrictive monetary policy stance with the Official Cash Rate at 5.5%, and we’ll be back at the end of this month again with our updated views on the wisdom of that stance and the length which we have to be there.”
Figure 1: RBNZ Dated OIS Pricing (%)
Source: MNI – Market News / Bloomberg
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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