Weekly update of interest rate forecasts

Reducing interest rates by the end of the year

• Fed: 47.5 basis points (90% chance of no change at next meeting)
• ECB: 47.7 basis points (68% probability of no change at the next meeting)
• Bank of England: 47.6 basis points (50% probability of interest rate cuts at the next meeting)
• Bank of Canada: 54.4 basis points (71% probability of cutting interest rates at the next meeting)
• RBA: 6.7 basis points (88% probability of no change at next meeting)
• Reserve Bank of New Zealand: 36.3 basis points (95% chance of no change at next meeting)
• SNB: 20.1 basis points (50% chance of no change at next meeting)

Raise interest rates by the end of the year

• Bank of Japan: 18.2 basis points (53% probability of raising interest rates at the next meeting)

This article was written by Giuseppe DellaMotta on www.forexlive.com.