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