How have interest rate expectations changed after this week's events?

AI summary

<p style="font-style: normal; font-weight: 400; line-height: 22px; vertical-align: baseline; border: 0; margin: 0 0 20px; padding: 0; font-family: Inter, InterFallback, serif; color: rgba(0, 0, 0, 1); letter-spacing: normal; text-indent: 0; white-space: normal; background-color: rgba(255, 255, 255, 1); font-size: 16px;">Rate hikes by year-end</p><ul><li style="vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0;">RBNZ: 57 bps (71% probability of rate hike at the next meeting)</li><li style="vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0;">Fed: 42 bps (64% probability of no change at the next meeting)</li><li style="vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0;">ECB: 41 bps (70% probability of rate hike at the next meeting)</li><li style="vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0;">BoE: 37 bps (92% probability of no change at the next meeting)</li><li style="vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0;">RBA: 28 bps (61% probability of no change at the next meeting)</li><li style="vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0;">BoJ: 25 bps (97% probability of no change at the next meeting)</li><li style="vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0;">BoC: 20 bps (93% probability of no change at the next meeting)</li><li style="vertical-align: baseline; border: 0; margin: 0 0 4px; padding: 0;">SNB: 15 bps (84% probability of no change at the next