Rate cuts by year-end

• Fed: 111 bps (75% probability of 25 bps rate cut at the upcoming meeting)
• ECB: 61 bps (97% probability of 25 bps rate cut at the upcoming meeting)
• BoE: 44 bps (78% probability of no change at the upcoming meeting)
• BoC: 59 bps (99% probability of rate cut at the upcoming meeting)
• RBA: 20 bps (92% probability of no change at the upcoming meeting)
• RBNZ: 81 bps (67% probability of 25 bps rate cut at the upcoming meeting)
• SNB: 51 bps (73% probability of 25 bps rate cut at the upcoming meeting)

Rate hikes by year-end

• BoJ: 7 bps (99% probability of no change at the upcoming meeting)

*Where you see 25 bps probability, the rest of the probability is for a 50 bps cut.

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