Price cuts by year-end
- Fed: 62 bps (85% chance of no change on the upcoming assembly)
Following the weak US consumer confidence report, merchants elevated the easing bets from 59 bps to 62 bps.
- ECB: 51 bps (78% chance of fee minimize on the upcoming assembly)
- BoE: 45 bps (54% chance of fee minimize on the upcoming assembly)
Following the decrease than anticipated UK CPI figures, merchants went from anticipating no change to pricing in larger possibilities of a 25 bps minimize on the Might’s BoE assembly.
- BoC: 44 bps (72% chance of no change on the upcoming assembly)
Following Trump’s positive comments on Canada and Mexico, merchants revised expectations a bit decrease from 46 bps to 44 bps.
- RBA: 63 bps (88% chance of no change on the upcoming assembly)
Following the unexpected tax cuts announcement yesterday, merchants see much less easing this 12 months from 65 bps to 63 bps.
- RBNZ: 60 bps (65% chance of fee minimize on the upcoming assembly)
- SNB: 7 bps (80% chance of no change on the upcoming assembly)
Price hikes by year-end
- BoJ: 36 bps (72% chance of no change on the upcoming assembly)
