Weekly update on interest rate expectations

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Rate cuts by year-endFed: 55 bps (96% probability of no change at the upcoming meeting) ECB: 83 bps (96% probability of rate cut at the upcoming meeting) BoE: 57 bps (91% probability of no change at the upcoming meeting) BoC: 50 bps (60% probability of no change at the upcoming meeting) RBA: 52 bps (84% probability of no change at the upcoming meeting)RBNZ: 63 bps (94% probability of rate cut at the upcoming meeting) SNB: 39 bps (99% probability of rate cut at the upcoming meeting) Rate hikes by year-endBoJ: 34 bps (98% probability of no change at the upcoming meeting) This article was written by Giuseppe Dellamotta at www.forexlive.com.