How have rate of interest expectations modified after this week's developments?

Charge cuts by year-end

• Fed: 83 bps (92% chance of no change on the upcoming assembly)
• ECB: 61 bps (75% chance of charge lower on the upcoming assembly)
• BoE: 85 bps (97% chance of charge lower on the upcoming assembly)
• BoC: 43 bps (51% chance of no change on the upcoming assembly)
• RBA: 117 bps (96% chance of charge lower on the upcoming assembly)
• RBNZ: 81 bps (86% chance of charge lower on the upcoming assembly)
• SNB: 28 bps (75% chance of charge lower on the upcoming assembly)

Charge hikes by year-end

• BoJ: 17 bps (93% chance of no change on the upcoming assembly)

This text was written by Giuseppe Dellamotta at www.ubaidahsan.com.



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