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VIEW: OIS Pointing To 2 OCR Hikes In '21 After Q2 CPI

RBNZ

We should flag that the BBG WIRP now points to the OIS strip pricing a ~90% chance of an OCR hike at the Bank's August meeting, with a cumulative ~45bp of tightening currently priced come the end RBNZ's November meeting.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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