February 20, 2025 04:00 GMT
AUSSIE BONDS: RBNZ Dated OIS Pricing Mixed Vs Pre-RBNZ Decision Levels
AUSSIE BONDS
RBNZ-dated OIS pricing closed little changed across meetings on Thursday, holding -1bp softer to 4bps firmer than yesterday’s pre-RBNZ policy decision levels.
- Yesterday’s widely expected 50bp rate cut to 3.75% was largely priced in, with the market having anticipated 49bps of the move.
- Currently, 27bps of easing is priced for April, with a total of 60bps expected by November 2025.
Figure 1: RBNZ Dated OIS Today vs. Pre-RBNZ (%)

Source: MNI – Market News / Bloomberg
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