🏦📊 Interest Rate Probabilities

**As seen in Macro Walk report 02/12/2022, subscribe cablefxm.co.uk/reports

• Rate hike bets saw another week of increases across our selected list of money markets. The GBP overnight index swap December tenor now sees 6 rate hikes, up from 4 & 1/2 seen last week. The chance of a rate hike/cut for the upcoming March meeting from the BoE stands at 175%

• The overnight index swap market for USD sees 6 rate hikes for 2022, the probability of rate increases stands above 50% for all meetings except November. So far, the most aggressive bank remains the RBNZ which is seen delivering 7 OCR hikes this year by December.