RBNZ-dated OIS pricing is 2-15bps firmer today across meetings, with December 2026 leading. * As it...
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NZD/USD went into the RBNZ announcement around 0.6043(-0.10%) and the NZX50 around 13134(+0.80%). “NZ LEAVES BENCHMARK INTEREST RATE AT 2.25%; EST. 2.25%, RBNZ RAISES 4Q 2026 AVERAGE OCR FORECAST TO 2.38% FROM 2.28% ”- BBG. The NZD is moving lower initially in reaction to the the print.