Thursday , 12 December 2024
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Weekly update on interest rate expectations

Rate cuts by year-end

  • Fed: 24 bps (97% probability of rate cut at the upcoming meeting)

2025: 80 bps

  • ECB: 30 bps (80% probability of 25 bps rate cut at today’s decision)

2025: 151 bps

  • BoE: 3 bps (90% probability of no change at the upcoming meeting)

2025: 76 bps

  • BoC 2025: 61 bps (51% probability of no change at the upcoming meeting)
  • RBA 2025: 72 bps (52% probability of no change at the upcoming meeting)
  • RBNZ 2025: 108 bps (75% probability of 50 bps rate cut at the upcoming meeting)
  • SNB 2025: 40 bps (97% probability of 25 bps rate cut at the upcoming meeting)

Rate hikes by year-end

  • BoJ: 6 bps (77% probability of no change at the upcoming meeting)

2025: 44 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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