MNI BRIEF:PBOC Starts Temporary OMO Tools To Adjust Liquidity

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MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1286 Mon; -0.29% Y/Y

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1286 MON VS 7.1289

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MNI BRIEF: Japan May Negative Real Wage Widens to -1.4%

Headline Earning Misses, But Details Stronger

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MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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VIEW: TD Securities: Go Hard, Go Early

RBNZ

TD Securities revised their OCR forecast "following strong Q3 CPI and employment prints. The Bank now risks not meeting its medium term remit and we now expect a more aggressive move in taking the cash rate to neutral. We expect the RBNZ to hike the OCR by 25bp at this month's meeting but concede a 50bp is a distinct possibility. We pencil in 50bp hikes at the Feb '22 and Apr '22 meetings and 25bp hikes at the following 3 meetings, taking the OCR to 2.50%. The risk to our forecasts is for the Bank to pause when the OCR is within a 1.75-2% range. That said we believe markets are underpricing the risk of the RBNZ front loading hikes to re-anchor inflation expectations. We anticipate higher front end yields and a flatter curve."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage

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