Rate cuts by year-end
Fed: 118 bps (59% probability of 50 bps rate cut at the upcoming meeting)
2025: 250 bps
ECB: 39 bps (72% probability of no change at the upcoming meeting)
2025: 157 bps
BoE: 54 bps (61% probability of no change at the upcoming meeting)
2025: 172 bps
BoC: 67 bps (76% probability of 25 bps rate cut at the upcoming meeting)
2025: 212 bps
RBA: 22 bps (90% probability of no change at the upcoming meeting)
2025: 113 bps
RBNZ: 87 bps (75% probability of 25 bps rate cut at the upcoming meeting)
2025: 246 bps
SNB: 57 bps (62% probability of 25 bps rate cut at the upcoming meeting)
2025: 76 bps
Rate hikes by year-end
BoJ: 8 bps (94% probability of no change at the upcoming meeting)
2025: 28 bps
(*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.
