Rate cuts by year-end
Fed: 45 bps (89% probability of rate cut at the upcoming meeting)
2025: 144 bps
ECB: 50 bps (99% probability of rate cut at the upcoming meeting)
2025: 153 bps
BoE: 37 bps (85% probability of rate cut at the upcoming meeting)
2025: 125 bps
BoC: 73 bps (51% probability of 25 bps rate cut at the upcoming meeting)
2025: 170 bps
RBA: 10 bps (88% probability of no change at the upcoming meeting)
2025: 68 bps
RBNZ: 45 bps (80% probability of 50 bps rate cut at the upcoming meeting)
2025: 150 bps
SNB: 28 bps (89% probability of 25 bps rate cut at the upcoming meeting)
2025: 65 bps
Rate hikes by year-end
BoJ: 8 bps (94% 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.
