How have interest rates expectations changed after the US CPI report? ...Middle East

Rate cuts by year-end

Fed: 51 bps (99% probability of no change at the upcoming meeting) ECB: 25 bps (90% probability of no change at the upcoming meeting) BoE: 58 bps (92% probability of no change at the upcoming meeting) BoC: 29 bps (72% probability of no change at the upcoming meeting) RBA: 74 bps (60% probability of rate cut at the upcoming meeting)RBNZ: 27 bps (85% probability of no change at the upcoming meeting) SNB: 52 bps (69% probability of rate cut at the upcoming meeting)

Rate hikes by year-end

BoJ: 16 bps (100% probability of no change at the upcoming meeting)

The most notable repricing was seen in the GBP OIS market. Traders ramped up rate cuts expectations from 40 bps to 58 bps at the time of writing following the weak UK labour market report and the UK GDP data. That would be in line with the BoE's plan to cut by 25 bps every quarter.

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

Read More Details
Finally We wish PressBee provided you with enough information of ( How have interest rates expectations changed after the US CPI report? )

Also on site :

• '80s Metal Legend Celebrates the Legacy of Brian Wilson: 'A Huge Inspiration'
• Four dead and two missing after San Antonio drenched with strongest rains in more than a decade
• Iconic Rocker, 60, Makes Bold Statement About Having a 'Friend With Benefits'