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Weekly update on interest rates expectations

Rate cuts by year-end

Fed: 63 bps (95% probability of no change at the next meeting)
ECB: 48 bps (96% probability of no change at the next meeting)
BoE: 51 bps (50% probability of rate cut at the next meeting)
BoC: 62 bps (75% probability of rate cut at the next meeting)
RBNZ: 46 bps (53% probability of rate cut at the next meeting)
SNB: 25 bps (60% probability of rate cut at the next meeting)

Rate hikes by year-end

BoJ: 19 bps (53% probability of no change at the next meeting)RBA: 5 bps (83% probability of no change at the next meeting)

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

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