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Japan's 30-year high in rate hikes! Will 0.75% be implemented? Will Bitcoin and Ethereum plummet? Will US stocks plunge?
It seems the Bank of Japan is really about to make a big move. The monetary policy meeting on December 18-19 will most likely raise the interest rate from 0.5% to 0.75%! This is the highest level in 30 years since 1995~
More than half of the policy members support it, and the government has no opposition. Now we just need to wait for the risks of a stock market crash and a sharp rise in the yen to be checked, and the results will be out by Friday!
This is another rate hike after January 2025, after 11 months. It feels like it will affect many things — the yen exchange rate, US stocks, cryptocurrencies, the gold market, and even the big A-shares? Stay tuned.