AFTER FOMC'S STATEMENT, THE FED'S PROBABILITY OF A SEPTEMBER INTEREST RATE HIKE DECREASED

AS AT 30 JULY, ACCORDING TO THE CME “FEDERAL RESERVE WATCH”, THE PROBABILITY OF THE FED MAINTAINING INTEREST RATES CONSTANT BY SEPTEMBER WAS 36.8 PER CENT, THE PROBABILITY OF A CUMULATIVE INCREASE OF 25 BASIS POINTS WAS 63.2 PER CENT AND THE PROBABILITY OF A CUMULATIVE INCREASE OF 50 BASIS POINTS WAS 0 PER CENT (17.8 PER CENT, 60.2 PER CENT AND 22 PER CENT, RESPECTIVELY, BEFORE THE FEDERAL RESERVE RESOLUTION). THE PROBABILITY OF THE FED MAINTAINING INTEREST RATES CONSTANT BY OCTOBER WAS 26.2 PER CENT, THE PROBABILITY OF A CUMULATIVE INCREASE OF 25 BASIS POINTS WAS 55.6 PER CENT, THE PROBABILITY OF A CUMULATIVE INCREASE OF 50 BASIS POINTS WAS 18.2 PER CENT AND THE PROBABILITY OF A CUMULATIVE INCREASE OF 75 BASIS POINTS WAS 0 PER CENT (11.9 PER CENT, 46.1 PER CENT, 34.7 PER CENT AND 7.3 PER CENT RESPECTIVELY BEFORE THE FEDERAL RESERVE RESOLUTION)。