Rate cuts by year-end
Fed: 44 bps (97% probability of no change at the upcoming meeting) ECB: 14 bps (90% probability of no change at the upcoming meeting) BoE: 46 bps (88% probability of rate cut at the upcoming meeting) BoC: 14 bps (92% probability of no change at the upcoming meeting) RBA: 59 bps (83% probability of rate cut at the upcoming meeting)RBNZ: 35 bps (72% probability of rate cut at the upcoming meeting) SNB: 8 bps (86% probability of no change at the upcoming meeting)Rate hikes by year-end
We haven't seen much change in expectations as the markets await the central bank policy announcements and key economic data like the US NFP and the US CPI.
In the big picture, the main theme has been the tariffs trade since April 9 but that is now likely approaching the peak as everything got priced in and we already know that we'll either get new deadlines or deals in the 10-20% tariff range.
Another driver has been the Trump's bill, and that is also behind us. So, the next major driver should be the Fed. Economic data and Fed's guidance will likely be the next main theme for the rest of the year.
This article was written by Giuseppe Dellamotta at investinglive.com.Hence then, the article about interest rates expectations for the major central banks remain mostly unchanged 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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