Weekly update on interest rate expectations

Rate cuts by year-end

  • Fed: 45 bps (98% probability of no change at the upcoming meeting)
  • ECB: 80 bps (97% probability of rate cut at the upcoming meeting)
  • BoE: 56 bps (84% probability of no change at the upcoming meeting)
  • BoC: 46 bps (63% probability of no change at the upcoming meeting)
  • RBA: 47 bps (83% probability of no change at the upcoming meeting)
  • RBNZ: 55 bps (82% probability of rate cut at the upcoming meeting)
  • SNB: 30 bps (81% probability of rate cut at the upcoming meeting)

Rate hikes by year-end

  • BoJ: 35 bps (97% probability of no change at the upcoming meeting)

This article was written by Giuseppe Dellamotta at www.forexlive.com.