**As seen in Macro Walk Report 05/21/2022, cablefxm.co.uk/reports
Overnight index swaps now price the ECB as the most aggressive central bank in our list. Implied rate by December 2022 seen the bank lifting the cost of money 100bps to 0.5%
This week we will hear from the RBNZ, the MPS is expected to announce a 50bps hike in the OCR. Markets see the RBNZ lifting rates above 3.0% by year-end, and according to analysts this could be baked in the price. Read our preview here.


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