Rate cuts by year-end

• Fed: 103 bps (87% probability of 25 bps rate cut at the upcoming meeting)
• ECB: 64 bps (100% probability of 25 bps rate cut at today’s meeting)
• BoE: 48 bps (80% probability of no change at the upcoming meeting)
• BoC: 57 bps (94% probability of rate cut at the upcoming meeting)
• RBA: 18 bps (93% probability of no change at the upcoming meeting)
• RBNZ: 79 bps (85% probability of 25 bps rate cut at the upcoming meeting)
• SNB: 56 bps (73% probability of 25 bps rate cut at the upcoming meeting)

Rate hikes by year-end

• BoJ: 8 bps (94% 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.