Rate cuts by year-end

  • Fed: 47.5 bps (90% chance of no change at the next meeting)
  • ECB: 47.7 bps (68% chance of no change at the next meeting)
  • BoE: 47.6 bps (50% chance of rate cut at the next meeting)
  • BoC: 54.4 bps (71% chance of rate cut at the next meeting)
  • RBA: 6.7 bps (88% chance of no change at the next meeting)
  • RBNZ: 36.3 bps (95% chance of no change at the next meeting)
  • SNB: 20.1 bps (50% chance of no change at the next meeting)

Rate hikes by year-end

  • BoJ: 18.2 bps (53% chance of rate hike at the next meeting)