Weekly update on interest rates expectations

Rate cuts by year-end

• Fed: 63 bps (95% probability of no change at the next meeting)
• ECB: 48 bps (96% probability of no change at the next meeting)
• BoE: 51 bps (50% probability of rate cut at the next meeting)
• BoC: 62 bps (75% probability of rate cut at the next meeting)
• RBNZ: 46 bps (53% probability of rate cut at the next meeting)
• SNB: 25 bps (60% probability of rate cut at the next meeting)

Rate hikes by year-end

• BoJ: 19 bps (53% probability of no change at the next meeting)
• RBA: 5 bps (83% probability of no change at the next meeting)

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