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Daily Alert: ASB expects a November 2021 start to RBNZ OCR hikes and a 1.50% OCR endpoint

  • ASB now expects OCR hikes from November this year (previously May 2022), with the OCR to peak at 1.50% from late 2023 (previously 1.25%). 
  • US Treasury markets clearly did not see the price action in antipodean markets with yields lower across the curve, with a flattening bias.
  • Nothing today locally or across the Tasman, with little on the global data calendar tonight.

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