Rate cuts by year-end
- Fed: 16 bps (65% probability of rate cut at the upcoming meeting)
2025: 75 bps
- ECB: 29 bps (85% probability of 25 bps rate cut at the upcoming meeting)
2025: 147 bps
- BoE: 4 bps (85% probability of no change at the upcoming meeting)
2025: 71 bps
- BoC: 30 bps (82% probability of 25 bps rate cut at the upcoming meeting)
2025: 92 bps
- RBA: 2 bps (91% probability of no change at the upcoming meeting)
2025: 54 bps
- RBNZ: 33 bps (67% probability of 25 bps rate cut at the upcoming meeting)
2025: 87 bps
- SNB: 32 bps (72% probability of 25 bps rate cut at the upcoming meeting)
2025: 70 bps
Rate hikes by year-end
- BoJ: 13 bps (53% probability of rate hike at the upcoming meeting)
2025: 48 bps
*where you see 25 bps rate cut, the rest of the probability is for a 50 bps cut
