Weekly update on interest rate expectations

Rate cuts by year-end

• Fed: 40 bps (93% probability of no change at the upcoming meeting)
• ECB: 97 bps (95% probability of rate cut at the upcoming meeting)
• BoE: 47 bps (57% probability of rate cut at the upcoming meeting)
• BoC: 63 bps (68% probability of rate cut at the upcoming meeting)
• RBA: 76 bps (57% probability of rate cut at the upcoming meeting)
• RBNZ: 124 bps (76% probability of 50 bps rate cut at the upcoming meeting)
• SNB: 42 bps (96% probability of rate cut at the upcoming meeting)

Rate hikes by year-end

• BoJ: 48 bps (56% probability of no change at the upcoming meeting)

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