This week, the global economic stage is set for pivotal decisions from central banks, shaping the trajectory of monetary policies. The Bank of Japan (BoJ) has already taken the lead by maintaining its status quo, keeping the short-term interest rate at a negative 0.1% and the 10-year Japanese Government Bond (JGB) yield target around 0%.
China's central bank is poised to retain its dovish stance as it gauges the resilience of its economy amid international uncertainties. The People's Bank of China (PBoC) will on Wednesday announce decisions on the one-year and five-year loan prime rates, currently standing at 3.45% and 4.2%, respectively.
Turning attention to Turkey, the Central Bank of the Republic (CBRT) is expected to continue its policy tightening, albeit at a more measured pace. With a series of incremental increases in recent months, the CBRT, under Governor Hafize Gaye Erkan, aims to strike a balance as it approaches the end of its tightening cycle.
