Rate cuts by year-end

  • Fed: 40 bps (93% probability of no change at the upcoming meeting)
  • ECB: 97 bps (95% probability of rate cut at the upcoming meeting)
  • BoE: 47 bps (57% probability of rate cut at the upcoming meeting)
  • BoC: 63 bps (68% probability of rate cut at the upcoming meeting)
  • RBA: 76 bps (57% probability of rate cut at the upcoming meeting)
  • RBNZ: 124 bps (76% probability of 50 bps rate cut at the upcoming meeting)
  • SNB: 42 bps (96% probability of rate cut at the upcoming meeting)

Rate hikes by year-end

  • BoJ: 48 bps (56% probability of no change at the upcoming meeting)