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RBNZ Dated OIS Firmer Since RBNZ Decision

STIR

RBNZ dated OIS is 5-12bp firmer for meetings beyond October since the RBNZ decision.

  • Consistent with Bloomberg consensus, which was unanimous in expecting the OCR to be kept at 5.50% this week, the market had attached only an 8% chance of a 25bp hike.

Figure 1: RBNZ Dated OIS: Today Vs. Pre-RBNZ



Source: Bloomberg / MNI - Market News

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