Weekly update on interest rates expectations

July 22, 2024 at 09:35AM
Rate cuts by year-end

Fed: 62 bps (96% probability of no change at the next meeting)

ECB: 42 bps (62% probability of rate cut at the next meeting)

BoE: 46 bps (56% probability of no change at the next meeting)

BoC: 62 bps (92% probability of rate cut at the next meeting)

RBNZ: 70 bps (50% probability of rate cut at the next meeting)

SNB: 26 bps (73% probability of rate cut at the next meeting)

Rate hikes by year-end

BoJ: 20 bps (60% probability of no change at the next meeting)

RBA: 8 bps (76% probability of no change at the next meeting)

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