OIS

With just four more business days until the next OCR decision, we look at what the wholesale money markets are signaling

With just four more business days until the next OCR decision, we look at what the wholesale money markets are signaling

Unlike other recent Reserve Bank no-change OCR events, the latest one has brought rising wholesale rate pricing, more in line with what happened when the OCR was increased

Unlike other recent Reserve Bank no-change OCR events, the latest one has brought rising wholesale rate pricing, more in line with what happened when the OCR was increased

BNZ Currency Strategy: We expect a gradual appreciation in NZD/JPY over the next 12 months; to 63.00 by year-end and 71.00 by Q3 2012

BNZ Currency Strategy: We expect a gradual appreciation in NZD/JPY over the next 12 months; to 63.00 by year-end and 71.00 by Q3 2012