Weekly update on interest rates expectations

July 08, 2024 at 08:33AM
Rate cuts by year-end

Fed: 50 bps (93% probability of no change at the next meeting)

ECB: 42 bps (78% probability of no change at the next meeting)

BoE: 50 bps (62% probability of rate cut at the next meeting)

BoC: 55 bps (60% probability of rate cut at the next meeting)

RBNZ: 40 bps (95% probability of no change at the next meeting)

SNB: 21 bps (50% probability of no change at the next meeting)

Rate hikes by year-end

BoJ: 20 bps (58% probability of rate hike at the next meeting)

RBA: 8 bps (73% probability of no change at the next meeting)

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