September 20, 2024 05:23 GMT
STIR: RBNZ Dated OIS End-24 Expectations Approach Cyclical Low
STIR
RBNZ dated OIS pricing closed 1-2bps softer across meetings. A cumulative 82bps of easing is priced by year-end.
- Year-end OCR expectations, currently at 4.43%, are just 9bps 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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