What are the current interest rates expectations for the major central banks? ...Middle East

Fed: 54 bps (91% probability of no change at the upcoming meeting) ECB: 52 bps (93% probability of rate cut at the upcoming meeting) BoE: 45 bps (84% probability of no change at the upcoming meeting) BoC: 47 bps (64% probability of rate cut at the upcoming meeting) RBA: 73 bps (56% probability of rate cut at the upcoming meeting)RBNZ: 58 bps (82% probability of rate cut at the upcoming meeting) SNB: 47 bps (81% probability of rate cut at the upcoming meeting)

Rate hikes by year-end

BoJ: 17 bps (98% probability of no change at the upcoming meeting)

We are now at a point where the market got back to previous expectations and from now on we will need stronger reasons to price out the rate cuts. That will obviously move the markets. Of course the same is true for pricing in more rate cuts than currently expected.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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