Deep Tide TechFlow News, June 15 — Krishna Bhimavarapu, an economist for the Asia-Pacific region at State Street Investment Management, stated that supported by increased economic resilience and rising inflation, central banks around the world may be entering a phase of synchronized rate hikes. Bhimavarapu pointed out that the Bank of Japan seems ready to raise interest rates to the psychological threshold of 1.0%, and added that the Bank of Japan might hint at a second rate hike later this year.

However, compared to this, the Reserve Bank of Australia appears to be pausing rate hikes, as both economic growth and labor market momentum have weakened. Nevertheless, inflation issues have not been resolved, which could leave room for at least one more rate increase later this year. Additionally, Bhimavarapu expects that the Federal Reserve may adopt a hawkish stance by the end of this week. (Jin10)