Rate cuts by year-end

  • Fed: 31 bps (98% probability of no change at the upcoming meeting)
  • ECB: 75 bps (94% probability of rate cut at the upcoming meeting)
  • BoE: 54 bps (78% probability of no change at the upcoming meeting)
  • BoC: 49 bps (55% probability of no change at the upcoming meeting)
  • RBA: 76 bps (79% probability of rate cut at the upcoming meeting)
  • RBNZ: 105 bps (51% probability of 50 bps rate cut at the upcoming meeting)
  • SNB: 35 bps (87% probability of rate cut at the upcoming meeting)

Rate hikes by year-end

  • BoJ: 31 bps (95% probability of no change at the upcoming meeting)
Source: Forex Live