Rate cuts by year-endFed: 45 bps (95% probability of rate cut at the upcoming meeting)2026: 110 bpsECB: 2 bps (99% probability of no change at the upcoming meeting) 2026: 11 bpsBoE: 6 bps (95% probability of no change at the upcoming meeting) 2026: 39 bpsBoC: 25 bps (72% probability of rate cut at the upcoming meeting) 2026: 36 bpsRBA: 13 bps (63% probability of no change at the upcoming meeting)2026: 31 bpsRBNZ: 20 bps (80% probability of rate cut at the upcoming meeting) 2026: 37 bpsSNB: 3 bps (87% probability of no change at the upcoming meeting)2026: 7 bpsRate hikes by year-endBoJ: 12 bps (77% probability of no change at the upcoming meeting)2026: 40 bps*The 2026 pricing reflects the cumulative easing expected by the end of 2026, not how much easing is expected in 2026 alone.This has been a very dull week given the lack of notable news and a pretty empty calendar. The only notable event was Takaichi's victory as the new Japan's LDP leader which saw the markets paring back expectations for a rate hike by year-end. This article was written by Giuseppe Dellamotta at investinglive.com.