Bank of Japan poised to raise short-term policy rate to 1%, while Reserve Bank of Australia likely to maintain current levels.
The Bank of Japan is expected to raise its short-term policy rate to 1% during its June meeting, according to market previews. Analysts, including former BOJ economist Kameda and Daiwa, anticipate the move between 0230 and 0330 GMT.
The RBA, in contrast, is widely expected to hold rates steady in the same time window. The divergence in monetary policy stances between the two central banks may influence regional market sentiment and currency movements.
Market reactions include a tumble in the fear gauge and a boost in sentiment following SpaceX’s second-day post-IPO rally, though China’s reduced oil imports continue to cap global energy prices.