How have interest rate expectations changed after this week’s developments?

Rate cuts by year-end

• Fed: 83 bps (92% probability of no change at the upcoming meeting)
• ECB: 61 bps (75% probability of rate cut at the upcoming meeting)
• BoE: 85 bps (97% probability of rate cut at the upcoming meeting)
• BoC: 43 bps (51% probability of no change at the upcoming meeting)
• RBA: 117 bps (96% probability of rate cut at the upcoming meeting)
• RBNZ: 81 bps (86% probability of rate cut at the upcoming meeting)
• SNB: 28 bps (75% probability of rate cut at the upcoming meeting)

Rate hikes by year-end

• BoJ: 17 bps (93% probability of no change at the upcoming meeting)

This article was written by Giuseppe Dellamotta at www.forexlive.com.