Wednesday , 4 December 2024
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Weekly update on interest rate expectations

Rate cuts by year-end

  • Fed: 14 bps (55% probability of rate cut at the upcoming meeting)

2025: 74 bps

  • ECB: 31 bps (74% probability of 25 bps rate cut at the upcoming meeting)

2025: 137 bps

  • BoE: 4 bps (85% probability of no change at the upcoming meeting)

2025: 66 bps

  • BoC: 29 bps (85% probability of 25 bps rate cut at the upcoming meeting)

2025: 88 bps

  • RBA: 2 bps (92% probability of no change at the upcoming meeting)

2025: 45 bps

  • RBNZ: 55 bps (79% probability of 50 bps rate cut at the upcoming meeting/21% for a 75 bps cut)

2025: 135 bps

  • SNB: 32 bps (72% probability of 25 bps rate cut at the upcoming meeting)

2025: 70 bps

Rate hikes by year-end

  • BoJ: 15 bps (58% probability of rate hike at the upcoming meeting)

2025: 47 bps

*where you see 25 bps rate cut, the rest of the probability is for a 50 bps cut

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

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