1. CBI will likely come in October-ish (3 months for third party validation to take place)
2. Re interest rates, the below was from the last update:
- EUR 37% of $2.2B float balance = $814m
- 1% of $814m = $8.14m
- 0.50% then = circa $4m
$4m EBIT improvement on $55m full year result is >5% improvement so technically it could be market sensitive but as they have not announced FY23 guidance yet they will likely wait till August results to provide full update given the other central bank increases (e.g. Canada +1% last week, US, AUS, GBP)
AFR: Ron Shamgar, EML rocketman, page-16
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