Weekly update on interest rates expectations

Rate cuts by year-end

• Fed: 111 bps (57% probability of 25 bps rate cut at the upcoming meeting)
• ECB: 63 bps (98% probability of 25 bps rate cut at the upcoming meeting)
• BoE: 43 bps (77% probability of no change at the upcoming meeting)
• BoC: 58 bps (98% probability of rate cut at the upcoming meeting)
• RBA: 24 bps (90% probability of no change at the upcoming meeting)
• RBNZ: 82 bps (60% probability of 25 bps rate cut at the upcoming meeting)
• SNB: 53 bps (61% probability of 25 bps rate cut at the upcoming meeting)

Rate hikes by year-end

• BoJ: 7 bps (98% probability of no change at the upcoming meeting)

*Where you see 25 bps probability, the rest of the probability is for a 50 bps cut.

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