Rate Forecast

Bank	Rate	Next Meeting	Impl bp	Move	Cut	Hold	Hike	Bias	Days
Fed	3.63%	Sep 16, 26	21	Hike 21	0%	16%	84%	Hawkish	Today
ECB	2.50%	Oct 29, 26	19	Hike 19	0%	22%	78%	Neutral	43 Days
BoE	3.75%	Sep 17, 26	12	Hike 12	0%	53%	47%	Neutral	Tomorrow
BoJ	1.00%	Sep 18, 26	23	Hike 23	0%	8%	92%	Hawkish	2 Days
SNB	0.00%	Sep 24, 26	2	Hike 2	0%	93%	7%	Neutral	8 Days
RBA	4.35%	Sep 29, 26	20	Hike 20	0%	19%	81%	Hawkish	13 Days
RBNZ	2.75%	Oct 28, 26	18	Hike 18	0%	28%	72%	Neutral	42 Days
BoC	2.25%	Oct 28, 26	19	Hike 19	0%	24%	76%	Neutral	42 Days

Meeting	Impl bp	Adjusted %	Move	Cut	Hold	Hike
Sep 16, 26	21.0	3.84%	Hike 21	0%	16%	84%
Oct 28, 26	34.8	3.98%	Hike 14	0%	45%	55%
Dec 09, 26	52.3	4.15%	Hike 18	0%	30%	70%
Jan 27, 27	61.8	4.25%	Hike 9	0%	62%	38%
Mar 17, 27	76.2	4.39%	Hike 14	0%	42%	58%
Apr 28, 27	82.8	4.46%	Hike 7	0%	74%	26%
Jun 09, 27	90.3	4.53%	Hike 8	0%	70%	30%
Jul 28, 27	93.3	4.56%	Hike 3	0%	88%	12%
Sep 15, 27	64.3	4.27%	Hold	33%	67%	0%
Oct 27, 27	68.4	4.31%	Hold	0%	84%	16%

EU Data	Date	Difference	Actual	Forecast	Previous	Sentiment
GDP Growth QoQ	Jun 5, 26	-0.30%	-0.20%	0.10%	0.10%	Bearish
Unemployment Rate	Jul 2, 26	-0.10%	6.20%	6.30%	6.20%	Bullish
Retail Sales MoM	Jul 6, 26	0	0.2	0.2	-0.4	Neutral
PPI YoY	Jul 6, 26	0.20%	5.90%	5.70%	5.00%	Bullish
CPI YoY	Jul 17, 26	0.00%	2.80%	2.80%	3.20%	Neutral
Manufacturing PMIs	Jul 24, 26	0.5	52	51.5	51.4	Bullish
Services PMIs	Jul 24, 26	1.8	51.6	49.8	49.4	Bullish
German Service PMI Flash	Jul 24, 26	0.6	49.6	49	48.6	Bullish
German Manufacturing PMI Flash	Jul 24, 26	1.7	52.2	50.5	50.3	Bullish
German Composite PMI Flash	Jul 24, 26	1.5	51.2	49.7	49.5	Bullish
Eurozone Manufacturing PMI Flash	Jul 24, 26	0.5	52	51.5	51.4	Bullish
French Manufacturing PMI Flash	Jul 24, 26	-1	50	51	51.2	Bearish

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