🔻🔺🏦Interest Rate Probabilities: NZD Bullish Bets

**As seen in the Macro Walk Report 09/10/21 cablefxm.co.uk/reports

• Interest Rate Probability via Overnight Index Swaps and Cash Futures

• Measuring by probabilities of hikes over cuts, RBNZ OCR bets for the next meetings look overwhelming compared to the rest of the G10. The OIS market implies a rate of 1.5% by August 2022

• Excluding the NZD (second chart), AUD front end bets are pricing rate cuts in the cash futures market, while the long end sees BoC rate hike bets leading the rest of the group. The OIS market implies a 0.5% terminal rate by July 2022 in Canada