Rate cuts by year-end
Fed: 66 bps (79% probability of no change at the upcoming meeting) ECB: 25 bps (87% probability of no change at the upcoming meeting) BoE: 53 bps (73% probability of rate cut at the upcoming meeting) BoC: 33 bps (62% probability of no change at the upcoming meeting) RBA: 80 bps (91% probability of rate cut at the upcoming meeting)RBNZ: 32 bps (78% probability of no change at the upcoming meeting) SNB: 12 bps (78% probability of no change at the upcoming meeting)Rate hikes by year-end
The most notable change is of course on the Fed. The catalyst was dovish comments from Fed's Bowman last Monday where she even suggested a rate cut in July if inflation were to be muted. She's been a hawk until then, so the market took those comments as a signal.
There wasn't even any strong pushback from Fed Chair Powell as he acknowledged that anything can happen and they remain data dependent.
We have the US ISM PMIs, the US NFP and the US CPI before the July FOMC meeting and those reports will influence interest rates expectations.
This article was written by Giuseppe Dellamotta at www.forexlive.com.Hence then, the article about what are the interest rates expectations for the major central banks was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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