Rate cuts by year-end
- Fed: 64 bps (85% probability of no change at the upcoming meeting)
- ECB: 60 bps (90% probability of rate cut at the upcoming meeting)
Following the soft French and Spanish CPI data, traders increased the expected easing from 56 bps to 60 bps.
- BoE: 45 bps (56% probability of rate cut at the upcoming meeting)
- BoC: 48 bps (62% probability of no change at the upcoming meeting)
- RBA: 66 bps (86% probability of no change at the upcoming meeting)
- RBNZ: 60 bps (70% probability of rate cut at the upcoming meeting)
- SNB: 12 bps (75% probability of no change at the upcoming meeting)
Rate hikes by year-end
- BoJ: 33 bps (73% probability of no change at the upcoming meeting)
This article was written by Giuseppe Dellamotta at www.forexlive.com.
