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Weekly replace on rate of interest expectations

Rate cuts by year-end

  • Fed: 69 bps (65% probability of 25 bps rate cut at the upcoming meeting)

2025: 182 bps

  • ECB: 53 bps (97% probability of 25 bps rate cut at the upcoming meeting)

2025: 171 bps

  • BoE: 42 bps (98% probability of 25 bps rate cut at the upcoming meeting)

2025: 155 bps

  • BoC: 69 bps (71% probability of 25 bps rate cut at the upcoming meeting)

2025: 208 bps

  • RBA: 16 bps (86% probability of no change at the upcoming meeting)

2025: 94 bps

  • RBNZ: 95 bps (97% probability of 50 bps rate cut at the upcoming meeting)

2025: 240 bps

  • SNB: 29 bps (83% probability of 25 bps rate cut at the upcoming meeting)

2025: 66 bps

Rate hikes by year-end

  • BoJ: 4 bps (93% probability of no change at the upcoming meeting)

2025: 25 bps

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

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