Rate cuts by year-end

  • Fed: 39 bps (98% probability of no change at the upcoming meeting)
  • ECB: 72 bps (95% probability of rate cut at the upcoming meeting)
  • BoE: 49 bps (87% probability of no change at the upcoming meeting)
  • BoC: 42 bps (66% probability of no change at the upcoming meeting)
  • RBA: 40 bps (89% probability of no change at the upcoming meeting)
  • RBNZ: 59 bps (82% probability of rate cut at the upcoming meeting)
  • SNB: 27 bps (73% probability of rate cut at the upcoming meeting)

Rate hikes by year-end

  • BoJ: 36 bps (96% probability of no change at the upcoming meeting)
Source: Forex Live