October 28, 2024 03:36 GMT
STIR: RBA Dated OIS Firmer Ahead Of Wednesday's Q3 CPI Data
STIR
RBA-dated OIS pricing is 1-5bps firmer for 2025 meetings, with the later meetings showing the greatest increase.
- Going into Wednesday’s Q3 CPI release, the market is pricing in a modest cumulative 4bps of easing by the end of the year, positioning the expected cash rate at its highest level since late July.
Figure 1: Official Rate: Current Vs. Year-End Market Expectations
Source: MNI – Market News / Bloomberg
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