Rate hikes by year-end<\/p>\n
RBNZ: 62 bps (82% probability of rate hike at the next meeting)Fed: 30 bps (83% probability of no change at the next meeting)ECB: 24 bps (72% probability of no change at the next meeting)BoJ: 20 bps (99% probability of no change at the next meeting)BoE: 18 bps (93% probability of no change at the next meeting)RBA: 10 bps (85% probability of no change at the next meeting)BoC: 8 bps (91% probability of no change at the next meeting)SNB: 5 bps (96% probability of no change at the next meeting)Last week’s market pricing here<\/a><\/p>\n We can see that we got some further dovish repricing almost across the board this week. The main culprits were oil prices falling below pre-war levels and inflation data showing further cooling in June.<\/p>\n The RBNZ is the only major central bank expected to hike in the summer but they might deliver a dovish hike given the quick drop in energy prices. <\/p>\n For the other central banks, it looks like it’s going to be a tranquil summer waiting for more data and then deciding on the next moves from September onwards. <\/p>\n","protected":false},"excerpt":{"rendered":"Rate hikes by year-end RBNZ: 62 bps (82% probability of rate hike at the next meeting)Fed: 30 bps…\n","protected":false},"author":2,"featured_media":659328,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-671983","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/671983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=671983"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/671983\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/659328"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=671983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=671983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=671983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}