What are the interest rates expectations after this week’s events and data?

• Fed: 56 bps (92% probability of no change at the upcoming meeting)
• ECB: 52 bps (91% probability of rate cut at the upcoming meeting)
• BoE: 47 bps (89% probability of no change at the upcoming meeting)
• BoC: 47 bps (64% probability of rate cut at the upcoming meeting)
• RBA: 77 bps (98% probability of rate cut at the upcoming meeting)
• RBNZ: 60 bps (76% probability of rate cut at the upcoming meeting)
• SNB: 44 bps (83% probability of rate cut at the upcoming meeting)

*for the SNB, the rest of the probability is for a 50 bps cut

Rate hikes by year-end

• BoJ: 16 bps (98% probability of no change at the upcoming meeting)

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