Weekly update on interest rates expectations ...Middle East

Rate cuts by year-endFed: 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-endBoJ: 18.2 bps (53% chance of rate hike at the next meeting) This article was written by Giuseppe Dellamotta at www.forexlive.com.

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