What are the interest rates expectations after this week's events and data? ...Middle East

Fed: 56 bps (92% probability of no change at the upcoming meeting) ECB: 52 bps (91% probability of rate cut at the upcoming meeting) BoE: 47 bps (89% probability of no change at the upcoming meeting) BoC: 47 bps (64% probability of rate cut at the upcoming meeting) RBA: 77 bps (98% probability of rate cut at the upcoming meeting)RBNZ: 60 bps (76% probability of rate cut at the upcoming meeting) SNB: 44 bps (83% probability of rate cut at the upcoming meeting)

*for the SNB, the rest of the probability is for a 50 bps cut

Rate hikes by year-end

BoJ: 16 bps (98% probability of no change at the upcoming meeting) This article was written by Giuseppe Dellamotta at www.forexlive.com.

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