Interest rate cuts by year-end
- Fed: 125bp (96% chance of 50bp rate cut at next meeting)
- ECB: 75 basis points (97% chance of rate cut at next meeting)
- Bank of England: 53bp (57% chance of no change at next meeting)
- Bank of Canada: 80 basis points (77% chance of rate cut at next meeting)
- RBA: 46bps (84% chance of no change at next meeting)
- RBNZ: 63bps (64% chance of no change at next meeting)
- Swiss National Bank: 48 basis points (90% chance of rate cut at next meeting)
Interest rates to rise by year-end
- Bank of Japan: 3 basis points (98% chance of no change at next meeting)
(This is an unusual update as things are moving very quickly and the forecast is subject to significant swings in both directions depending on upcoming developments)
This article was written by Giuseppe Dellamotta on www.forexlive.com.