How have interest rates expectations changed after the US NFP and central bank decisions? | Forexlive

• Fed: 46 bps (99% probability of no change at the upcoming meeting)
• ECB: 25 bps (87% probability of no change at the upcoming meeting)
• BoE: 40 bps (94% probability of no change at the upcoming meeting)
• BoC: 27 bps (78% probability of no change at the upcoming meeting)
• RBA: 71 bps (77% probability of rate cut at the upcoming meeting)
• RBNZ: 29 bps (69% probability of no change at the upcoming meeting)
• SNB: 46 bps (73% probability of rate cut at the upcoming meeting)

*for the SNB, the rest of the probability is for a 50 bps cut

Rate hikes by year-end

• BoJ: 17 bps (99% probability of no change at the upcoming meeting)

From the last update, we saw more of a hawkish repricing in interest rates expectations following the higher than expected NFP and less dovish that expected central banks decisions.

Most central banks will now want to see how the economic data evolves throughout the summer before deciding on the next policy move.

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