RBA Mum on Rates, BoJ Eyes Hike, US Cracks Down on Allies Supporting Iran
The Reserve Bank of Australia has revealed its minutes from the recent monetary policy meeting. However, the document does not provide significant new information on interest rates or economic projections.
Meanwhile, former Bank of Japan board member Seiji Adachi believes that the country's central bank will raise its benchmark interest rate next month, followed by another increase as early as January. Market participants are assigning an 80% probability to a hike when the Board delivers its next policy decision on September 18.
In other news, US Treasury Secretary Janet Bessent has warned that every nation should be prepared to face U.S. sanctions if they back Iran. The US is targeting five sectors for potential secondary sanctions: digital assets, technology, gold, aviation, and shipping.