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Weekly update on interest rate expectations

Rate cuts by year-end

  • Fed: 36 bps (94% probability of no change at the upcoming meeting)
  • ECB: 86 bps (97% probability of rate cut at the upcoming meeting)
  • BoE: 61 bps (72% probability of no change at the upcoming meeting)
  • BoC: 55 bps (67% probability of rate cut at the upcoming meeting)
  • RBA: 80 bps (85% probability of rate cut at the upcoming meeting)
  • RBNZ: 110 bps (57% probability of 25 bps rate cut at the upcoming meeting)
  • SNB: 40 bps (92% probability of rate cut at the upcoming meeting)

Rate hikes by year-end

  • BoJ: 34 bps (95% probability of no change at the upcoming meeting)

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

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