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Expectations for Central Bank Rate Cuts
Here is an update on central bank rate cut expectations:
Eurozone -- 25bp rate cut expected on Thursday
U.K. -- No rate cuts for the rest of the year, but watch out for comments on Quantitative Easing
Australia -- Rates left unchanged last night. 2.50% expected to be the floor
New Zealand -- One more rate cut in June or July
U.S., Japan and Canada -- No rate cuts for the rest of the year