MNI BRIEF:PBOC Starts Temporary OMO Tools To Adjust Liquidity

MNI: China CFETS Yuan Index Down 0.28% In Week of Jul 5

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1286 Mon; -0.29% Y/Y

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1286 MON VS 7.1289

Australia May Housing New Loan Commitment -1.7%

MNI BRIEF: Japan May Negative Real Wage Widens to -1.4%

Headline Earning Misses, But Details Stronger

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

RBNZ Dated OIS Pricing 35bps of Easing Ahead Of Wednesday’s RBNZ Policy Meeting

STIR
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets

RBNZ dated OIS pricing is slightly mixed across meetings today. A cumulative 35bps of easing is priced by year-end.

  • The local calendar is light until the RBNZ’s Policy Decision on Wednesday.
  • Economists surveyed by Bloomberg unanimously expect a no-change decision. Most economists don’t expect the RBNZ to make any major changes to its hawkish commentary, despite signs of downside risks to growth.
  • Net migration is also on Wednesday, with its release before the RBNZ decision.
  • A majority of Shadow Board members recommended the RBNZ keep the OCR at 5.5% this week according to NZIER.


Keep reading...Show less
107 words

To read the full story

Close

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.

RBNZ dated OIS pricing is slightly mixed across meetings today. A cumulative 35bps of easing is priced by year-end.

  • The local calendar is light until the RBNZ’s Policy Decision on Wednesday.
  • Economists surveyed by Bloomberg unanimously expect a no-change decision. Most economists don’t expect the RBNZ to make any major changes to its hawkish commentary, despite signs of downside risks to growth.
  • Net migration is also on Wednesday, with its release before the RBNZ decision.
  • A majority of Shadow Board members recommended the RBNZ keep the OCR at 5.5% this week according to NZIER.


Keep reading...Show less