ChainCatcher News, the Bank of Japan has kept its policy interest rate unchanged at 0.25%, in line with market expectations. It has also broadly maintained its inflation outlook, indicating that inflation will hover around the 2% target in the coming years, signaling its readiness to continue reducing large-scale monetary stimulus measures. As widely anticipated by the market, the nine members unanimously decided to keep the Bank of Japan's benchmark interest rate at 0.25%.In its quarterly outlook report, the Bank of Japan stated, "The Bank of Japan needs to pay appropriate attention to the future trends of the overseas economy, especially the U.S. economy, as well as the developments in financial markets." Bank of Japan Governor Kazuo Ueda is expected to hold a press conference at 3:30 PM local time to explain the policy decision. (Jin Shi)

ChainCatcher news, according to Jinshi reports, investors' expectations for the Federal Reserve to maintain interest rates at the next meeting have decreased, while the inflation and employment data scheduled for release next week may still change those expectations.According to the CME FedWatch, the probability of the Federal Reserve maintaining interest rates has dropped from nearly 20% earlier this month to 2%. Most are betting that the Federal Reserve will cut rates by 25 basis points. The September PCE data will be released next Thursday, and the October employment data will be released next Friday. Price data shows that inflation is persistent but not overheating. Employment data may be affected by one-time impacts from hurricanes and strikes.

ChainCatcher News: The Bank of Japan has paused interest rate hikes, keeping the policy rate unchanged at 0.25%, in line with market expectations. (Jin Ten)

ChainCatcher news, as the global market feels the joy of the Federal Reserve's 50 basis point rate cut, Reserve Bank of Australia Governor Philip Lowe faces the situation of having to promote a hawkish narrative next week. Australia's strong labor market and high core inflation mean that she will have to remain cautious like other central banks.ANZ Chief Economist Adam Boyton stated that the RBA may consider both options of keeping rates unchanged or raising them, while retaining much of the hawkish language from the August meeting and subsequent communications. Boyton noted that the RBA is on track to cut rates in February next year, but the risks have shifted towards a possible cut later on. (Jin Shi)

ChainCatcher news, UBS economist Nic Guesnon stated that the Reserve Bank of New Zealand is expected to keep the official cash rate unchanged at 5.50% in next week's policy meeting, but this decision seems very close to a rate cut.He mentioned that the Reserve Bank of New Zealand made a significant shift towards a dovish stance in its policy statement in July, but traders and economists still do not know if they considered a rate cut at that meeting. He added that the market expects a 70% chance of a 25 basis point cut in August, but a preliminary survey of economists shows that the market generally leans towards keeping the official cash rate unchanged. (Jin Shi)

ChainCatcher news, according to Jinshi, the Commonwealth Bank of Australia (CBA) expects that the Reserve Bank of Australia will keep interest rates unchanged today. The statement may reiterate that the committee "does not rule out any possibilities."RBA Governor Lowe will continue to use the same text he used in his press conferences this year. That is to say, the RBA remains vigilant about potential upside inflation risks while acknowledging weak GDP growth and uncertain prospects.

ChainCatcher news, the Federal Reserve has kept the benchmark interest rate unchanged in the range of 5.25%-5.50% for the eighth consecutive time, in line with market expectations.

ChainCatcher news, according to Jinshi reports, U.S. short-term interest rate futures rose slightly after the inflation data was released; traders expect the Federal Reserve to keep rates unchanged in July and start cutting rates in September.

ChainCatcher news, according to Jinshi reports, the European Central Bank has maintained interest rates as expected and did not provide guidance for the next steps. It also stated that domestic price pressures remain high, and inflation will be above target for a longer period next year. The European Central Bank sent a balanced message, stating that corporate profits are absorbing some price pressures, but risks still exist. Further evidence is needed before policymakers pull the "trigger" on a second rate cut, and it indicated that upcoming information generally supports the committee's previous assessment of the medium-term inflation outlook. The bank also emphasized that the committee will continue to rely on data and make decisions at successive meetings to determine the appropriate level and duration of restrictive interest rates.

ChainCatcher news, according to CME FedWatch: The probability of the Federal Reserve keeping interest rates unchanged in August is 91.2%, and the probability of a 25 basis point rate cut is 8.8%.The probability of the Federal Reserve keeping interest rates unchanged until September is 0%, the cumulative probability of a 25 basis point rate cut is 85.7%, the cumulative probability of a 50 basis point rate cut is 13.7%, and the cumulative probability of a 75 basis point rate cut is 0.5%.

ChainCatcher news, according to CME's "FedWatch" data, the probability of the Federal Reserve keeping interest rates unchanged in August is 95.3%, while the probability of a 25 basis point rate cut is 4.7%.

ChainCatcher news, according to CME's "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged in August is 93.3%, and the probability of a 25 basis point rate cut is 6.7%. The probability of the Federal Reserve maintaining interest rates unchanged until September is 22.4%, the cumulative probability of a 25 basis point rate cut is 72.5%, and the cumulative probability of a 50 basis point rate cut is 5.1%.

ChainCatcher news, according to CME's "FedWatch" data, the probability of the Federal Reserve maintaining interest rates in August is 91.2%, and the probability of a 25 basis point rate cut is 8.8%.

ChainCatcher news, according to CME's "FedWatch" data, as of June 28, the probability of the Federal Reserve keeping interest rates unchanged in August is 89.7%, and the probability of a 25 basis point rate cut is 10.3%. In addition, the probability of the Federal Reserve keeping interest rates unchanged in September is 35.9%, the cumulative probability of a 25 basis point rate cut is 57.9%, and the cumulative probability of a 50 basis point rate cut is 6.2%.

ChainCatcher news, according to the CME FedWatch tool data, as of June 23, 2024, the probability that the Federal Reserve will keep interest rates unchanged at the upcoming FOMC meeting is 89.7%, while the probability of a 25 basis point rate cut is 10.3%.

ChainCatcher news, according to Tonghuashun reports, according to CME's "Fed Watch": The probability of the Federal Reserve keeping interest rates unchanged in August is 89.7%, and the probability of a 25 basis point rate cut is 10.3%. The probability of the Federal Reserve keeping interest rates unchanged until September is 32.3%, the cumulative probability of a 25 basis point rate cut is 61.1%, and the cumulative probability of a 50 basis point rate cut is 6.6%.

ChainCatcher news, according to CME FedWatch data, the probability of the Federal Reserve maintaining interest rates in August is 91.7%, while the probability of a 25 basis point rate cut is 8.3%.

ChainCatcher news, according to CME's "FedWatch" data, the probability of the Federal Reserve keeping interest rates unchanged in August is 87.6%, while the probability of a 25 basis point rate cut is 12.4%.