Weekly update on interest rate expectations

Rate cuts by year-end

• Fed: 42 bps (98% probability of no change at the upcoming meeting)
• ECB: 98 bps (95% probability of rate cut at the upcoming meeting)
• BoE: 65 bps (82% probability of rate cut at the upcoming meeting)
• BoC: 58 bps (81% probability of rate cut at the upcoming meeting)
• RBA: 71 bps (66% probability of rate cut at the upcoming meeting)
• RBNZ: 103 bps (61% probability of 50 bps rate cut at the upcoming meeting)
• SNB: 40 bps (98% probability of rate cut at the upcoming meeting)

Rate hikes by year-end

• BoJ: 47 bps (80% probability of rate hike at the upcoming meeting)

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