Stock Rally Eases as Markets Await Bank of Japan and RBA Policy Moves

RBA Holds Steady After Three Hikes, Pausing Rate Campaign

RBA Signals Possible Further Rate Hikes to Tackle Inflation

Bitcoin

If inflation expectations become unanchored, central banks like the RBA may be forced to hike rates even as growth slows, creating a stagflationary environment. For crypto, this means a double hit: rising discount rates compress valuations, while a weaker economic outlook reduces speculative capital. However, if the oil shock persists, it could accelerate the narrative of fiat debasement, potentially driving long-term Bitcoin adoption as a hedge.

Reserve Bank of Australia Assistant Governor Sarah Hunter expressed increased concern that inflation expectations could become unanchored due to the oil-price shock from the Iran war.