šÆšµ BOJ Rate Hike Probability Soars to 98% šÆšµ
Data from Polymarket indicates a remarkable 98% probability that the Bank of Japan will implement a 25 basis point interest rate hike in December. Only a 2% chance remains for rates to stay unchanged.
This pivotal policy decision is scheduled for announcement on Friday, December 19th. It signals Japan's continued pivot away from its long-standing ultra-loose monetary policy.
Such a move by the BOJ could trigger significant ripples across global financial markets. Expect potential impacts on foreign exchange, bond markets, and various risk assets worldwide.
Markets are keenly observing this development.
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