🏦📊 Interest Rate Probabilities

**As seen in the Macro Walk Report 11/12/21. Read full report at cablefxm.co.uk/reports

• Overnight indexed swap market pricing upgraded hiking bets on USD, GBP, and CAD. EUR saw some tightening expectations cut, however, the reduction was marginal. This week we got AUD and JPY pricing for beyond Dec. 2021

• GBP OIS pricing sees the BoE hiking the Bank Rate to 1% by August. CAD market pricing expects the BoC incresing the overnight rate above 1% by July, this is the equivalent to the central bank delivering 4 rate hikes of 25bps. Another interesting development we noted is AUD pricing, which sees the RBA hiking rates by July next year