How have interest rate expectations changed after this week's developments? ...Middle East

Rate cuts by year-end

Fed: 83 bps (92% probability of no change at the upcoming meeting) ECB: 61 bps (75% probability of rate cut at the upcoming meeting) BoE: 85 bps (97% probability of rate cut at the upcoming meeting) BoC: 43 bps (51% probability of no change at the upcoming meeting) RBA: 117 bps (96% probability of rate cut at the upcoming meeting)RBNZ: 81 bps (86% probability of rate cut at the upcoming meeting) SNB: 28 bps (75% probability of rate cut at the upcoming meeting)

Rate hikes by year-end

BoJ: 17 bps (93% probability of no change at the upcoming meeting) This article was written by Giuseppe Dellamotta at www.forexlive.com.

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