Weekly update on interest rate expectations

Rate cuts by year-end

• Fed: 75 bps (97% probability of no change at the upcoming meeting)
• ECB: 40 bps (60% probability of no change at the upcoming meeting)
• BoE: 55 bps (91% probability of no change at the upcoming meeting)
• BoC: 71 bps (88% probability of rate cut at the upcoming meeting)
• RBA: 60 bps (84% probability of no change at the upcoming meeting)
• RBNZ: 71 bps (92% probability of rate cut at the upcoming meeting)
• SNB: 27 bps (83% 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)