Forecasts of interest rates before the announcement of tariffs until the end of 2025

Forecasts of interest rates by central banks until the end of 2025

Interest rate cuts by the end of the year

Fed: 76 basis points (probability of 81% stability of interest at the next meeting)

ECB: 63 basis points (81% probability of interest Stability at the next meeting)

Bank of England: 53 basis points (probability of 70% stability of interest at the next meeting)

Bank of Canada: 58 basis points (61% probability of interest rate stability at the next meeting) Reserve Bank of Australia: 72 basis points (60% probability of interest Stability at the next meeting)

Reserve Bank of New Zealand: 68 basis points (82% probability of interest Stability at the next meeting)

Swiss National Bank: 14 basis points (probability 74% stability of interest at the next meeting)

Raising interest rates by the end of the year

Bank of Japan: 31 basis points (83% probability of interest rate stability at the next meeting)