Weekly update on interest rate expectations

Rate cuts by year-end

• Fed: 40 bps (91% probability of no change at the upcoming meeting)
• ECB: 97 bps (95% probability of rate cut at the upcoming meeting)
• BoE: 55 bps (64% probability of rate cut at the upcoming meeting)
• BoC: 65 bps (68% probability of rate cut at the upcoming meeting)
• RBA: 72 bps (52% probability of rate cut at the upcoming meeting)
• RBNZ: 119 bps (69% probability of 50 bps rate cut at the upcoming meeting)
• SNB: 45 bps (99% probability of rate cut at the upcoming meeting)

Rate hikes by year-end

• BoJ: 49 bps (54% probability of no change at the upcoming meeting)

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