Weekly update on interest rate expectations ...Middle East

Rate cuts by year-endFed: 103 bps (87% probability of 25 bps rate cut at the upcoming meeting) ECB: 64 bps (100% probability of 25 bps rate cut at today's meeting) BoE: 48 bps (80% probability of no change at the upcoming meeting) BoC: 57 bps (94% probability of rate cut at the upcoming meeting) RBA: 18 bps (93% probability of no change at the upcoming meeting)RBNZ: 79 bps (85% probability of 25 bps rate cut at the upcoming meeting) SNB: 56 bps (73% probability of 25 bps rate cut at the upcoming meeting) Rate hikes by year-endBoJ: 8 bps (94% probability of no change at the upcoming meeting)*Where you see 25 bps probability, the rest of the probability is for a 50 bps cut. T

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