Weekly update on interest rates expectations

Rate cuts by year-end

• Fed: 70 bps (96% probability of no change at the next meeting)
• ECB: 50 bps (67% probability of rate cut at the next meeting)
• BoE: 55 bps (60% probability of rate cut at the next meeting)
• BoC: 48 bps (72% probability of rate cut at the next meeting)
• RBNZ: 67 bps (57% probability of no change at the next meeting)
• SNB: 35 bps (84% probability of rate cut at the next meeting)

Rate hikes by year-end

• BoJ: 23 bps (64% probability of rate hike at the next meeting)
• RBA: 7 bps (77% probability of no change at the next meeting)

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