Rate cuts by year-end
- Fed: 118 bps (59% probability of 50 bps rate cut at the upcoming meeting)
2025: 250 bps
- ECB: 39 bps (72% probability of no change at the upcoming meeting)
2025: 157 bps
- BoE: 54 bps (61% probability of no change at the upcoming meeting)
2025: 172 bps
- BoC: 67 bps (76% probability of 25 bps rate cut at the upcoming meeting)
2025: 212 bps
- RBA: 22 bps (90% probability of no change at the upcoming meeting)
2025: 113 bps
- RBNZ: 87 bps (75% probability of 25 bps rate cut at the upcoming meeting)
2025: 246 bps
- SNB: 57 bps (62% probability of 25 bps rate cut at the upcoming meeting)
2025: 76 bps
Rate hikes by year-end
- BoJ: 8 bps (94% probability of no change at the upcoming meeting)
2025: 28 bps
(*Where you see 25 bps probability, the rest of the probability is for a 50 bps cut)
