Gate News reports that on March 20, according to PolyBeats monitoring, a new prediction market about the “Bank of Japan’s June interest rate decision” has been launched on Polymarket. Currently, there is no valid probability data. At yesterday’s (March 19) monetary policy meeting, the Bank of Japan decided to keep the benchmark interest rate unchanged at 0.75% with an 8-1 vote. This is the second consecutive pause after the rate hike at the end of last year. In its statement, the Bank of Japan stated that the Japanese economy is gradually recovering, but recent escalations in the Middle East and sharp increases in crude oil prices have introduced significant uncertainty into the economic outlook. Due to persistent core inflation pressures (some members proposed raising the rate to 1.0% at the March meeting), some financial institutions, including U.S. banks, and macro analysts still expect the Bank of Japan to resume rate hikes in June after assessing wage and price data.
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