Weekly update on interest rates expectations

Rate cuts by year-end

• Fed: 47.5 bps (90% chance of no change at the next meeting)
• ECB: 47.7 bps (68% chance of no change at the next meeting)
• BoE: 47.6 bps (50% chance of rate cut at the next meeting)
• BoC: 54.4 bps (71% chance of rate cut at the next meeting)
• RBA: 6.7 bps (88% chance of no change at the next meeting)
• RBNZ: 36.3 bps (95% chance of no change at the next meeting)
• SNB: 20.1 bps (50% chance of no change at the next meeting)

Rate hikes by year-end

• BoJ: 18.2 bps (53% chance of rate hike at the next meeting)

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