Weekly update on interest rates expectations

Rate cuts by year-end

• Fed: 45 bps (90% probability of no change at the next meeting)
• ECB: 44 bps (61% probability of no change at the next meeting)
• BoE: 44 bps (57% probability of rate cut at the next meeting)
• BoC: 46 bps (58% probability of no change at the next meeting)
• RBNZ: 36 bps (95% probability of no change at the next meeting)
• SNB: 22 bps (51% probability of rate cut at the next meeting)

Rate hikes by year-end

• BoJ: 20 bps (57% probability of rate hike at the next meeting)
• RBA: 10 bps (65% probability of no change at the next meeting)

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