Rate cuts by year-end
Fed: 43 bps (92% probability of rate cut at the upcoming meeting)
2025: 143 bps
ECB: 30 bps (81% probability of 25 bps rate cut at the upcoming meeting)
2025: 143 bps
BoE: 44 bps (99% probability of rate cut at the upcoming meeting)
2025: 143 bps
BoC: 81 bps (99% probability of 50 bps rate cut at the upcoming meeting)
2025: 180 bps
RBA: 7 bps (91% probability of no change at the upcoming meeting)
2025: 64 bps
RBNZ: 55 bps (78% probability of 50 bps rate cut at the upcoming meeting)
2025: 163 bps
SNB: 29 bps (82% probability of 25 bps rate cut at the upcoming meeting)
2025: 73 bps
Rate hikes by year-end
BoJ: 7 bps (93% probability of no change at the upcoming meeting)
2025: 33 bps
*where you see 25 bps rate cut, the rest of the probability is for a 50 bps cut
This article was written by Giuseppe Dellamotta at www.forexlive.com.
