Interest rate expectations for upcoming policy decisions

Implied rate expectations for the upcoming policy decisions for major central banks:

ECB: -25 basis points of easing implied for October 17th meeting (100% probability implied for a cut)

BoC: -32 basis points of easing implied for October 23rd meeting (100% probability implied for a cut)

BoJ: 1 basis point of tightening implied for the October 31st meeting (87% probability implied for a hold)

RBA: -2 basis points of easing implied for the November 5th meeting (91% probability implied for a hold)

BoE: -21 basis points of easing implied for the November 7th meeting (84% probability implied for a cut)

Fed: -22 basis points of easing implied for the November 7th meeting (88% probability implied for a cut)

RBNZ: -45 basis points of easing implied for the November 27th meeting (100% probability implied for a cut – almost fully priced for another 50bp move)

SNB: -30 basis points of easing implied for the December 12th meeting (100% probability implied for a cut)

This article was written by Arno V Venter at www.forexlive.com.