Central Bank Expectations

Here’s a pretty picture of interest decisions by the European Central Bank, Bank of England, and Federal Reserve since 1999.

Source: Wachovia Corporation Economics Group

Here are the predictions of rate moves from Wachovia economists for the rest of the year:

They believe the Fed is done for the year. They also "believe that the ECB has two more 25 basis point rate hikes up its sleeve before the end of the year, and that the BOJ is likely to hike once in the fourth quarter. Slowing growth could be a mitigating factor to these expectations."

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