
TMM - News
Markets price in 40% chance of OCR cut

Tuesday 15th of January 2019
Overnight Indexed Swap (OIS) pricing reflects the increasing probability the Reserve Bank could cut rates this year, despite the central bank's projection rates will go up next time they change.
In his latest note, Kiwibank economist Jeremy Couchman noted wholesale interest rates have trended down since November, with the 2 year swap rate hitting a record low of 1.92%. Couchman said...
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