September 17, 2024 03:23 GMT
STIR: RBNZ Dated OIS End-24 Expectations Approach Cyclical Low
STIR
RBNZ-dated OIS pricing is flat to 4bps firmer across meetings today.
- However, year-end OCR expectations, currently at 4.47%, remain just 13bps above the cyclical low of 4.34% set in late December last year.
Figure 1: RBNZ OCR & End-24 Expectations (%)
Source: MNI – Market News / Bloomberg
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