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🏦📊 Overnight Indexed Swaps: Interest Rate (P)

**As seen in Macro Walk Report 11/05/21

  • This week, the most notable change was GBP pairing of BoE rate hike bets after the central bank decided to hold the Bank Rate steady at 0.1%

  • Preceding the BoE's rate decision, the overnight indexed swap maker was pricing a total of 4 rate hikes by 2H 2022 or a bank rate of 1.15%

  • As of last Friday, the OIS market sees 2.5 rate hikes, pairing half of the move previously expected

**You can read more on interest rate probabilities at the Macro Walk Report



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