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RBNZ Dated OIS Sit Firmer After Yesterday’s Q4 CPI

STIR

RBNZ dated OIS pricing has firmed 3-6bps for meetings beyond February since the release of Q4 CPI.

  • While the data printed in line with consensus and below the RBNZ’s forecast, the details showed that the central bank is likely to remain cautious given persistent domestically driven inflation.

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



Source: MNI – Market News / Bloomberg

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