It's now 23 bps (~93%) priced in for a rate cut June 2024, as traders are aggressively pricing in faster moves by major central banks over the last two weeks. Once again, I'd just want to reiterate that if there is going to be any readjustment to the pricing we're seeing, it is going to be a very painful squeeze for markets in general.
BOE rate cut pricing starts to favour June next year as first move
- Markets are pricing in quicker rate cuts by major central banks everywhere
