Rate cuts by year-end
- Fed: 62 bps (85% probability of no change at the upcoming meeting)
- ECB: 56 bps (82% probability of rate cut at the upcoming meeting)
Following the announcement of 25% tariffs of auto imports, traders increased the expected easing from 51 bps to 56 bps.
- BoE: 45 bps (56% probability of rate cut at the upcoming meeting)
- BoC: 41 bps (69% probability of no change at the upcoming meeting)
Following the slightly hawkish BoC Meeting Minutes, traders revised expectations a bit lower from 44 bps to 41 bps.
- RBA: 63 bps (88% probability of no change at the upcoming meeting)
- RBNZ: 59 bps (63% probability of rate cut at the upcoming meeting)
- SNB: 8 bps (79% probability of no change at the upcoming meeting)
Rate hikes by year-end
- BoJ: 35 bps (71% probability of no change at the upcoming meeting)
This article was written by Giuseppe Dellamotta at www.forexlive.com.
