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Weekly update on interest rate expectations
market overview
Rate cuts by year-end
- Fed: 40 bps (98% probability of no change at the upcoming meeting)
- ECB: 77 bps (98% probability of rate cut at the upcoming meeting)
- BoE: 56 bps (78% probability of no change at the upcoming meeting)
- BoC: 50 bps (52% probability of no change at the upcoming meeting)
- RBA: 72 bps (88% probability of rate cut at the upcoming meeting)
- RBNZ: 110 bps (90% probability of 50 bps rate cut at the upcoming meeting)
- SNB: 35 bps (95% probability of rate cut at the upcoming meeting)
Rate hikes by year-end
- BoJ: 37 bps (95% probability of no change at the upcoming meeting)
Source: Forex Live