News

Golden Ten Data reported on April 24 that analysts believe the European Central Bank will raise interest rates once in June in response to the Iran situation, then reverse this move next year to protect economic growth. In a survey of institutions, all respondents except one expect the European Central Bank to keep the deposit rate unchanged at 2% on April 30, but to raise it by 25 basis points at the subsequent meeting, as the new forecasts will more clearly show the impact of the conflict on the economy. Among those expecting a rate hike in June, half also anticipate at least one rate cut by the end of 2027. The median forecast shows that the deposit rate will return to 2% in September of that year.

Jinse Finance reported that, according to Arkham monitoring data, Morgan Stanley's Bitcoin Exchange Traded Fund MSBT transferred 500 Bitcoins, worth approximately $38.86 million, to an address “3E1CbH” eight hours ago. This address was created a week ago and, after receiving the BTC, transferred it to another address “bc1q4m”. Monitoring data indicates that this transaction is suspected to be Morgan Stanley's first Bitcoin transfer out. Currently, the number of BTC held in its marked Bitcoin holding addresses has decreased to 1,713, valued at approximately $133.17 million.

Golden Ten Data reported on April 24 that Nobuyasu Atago, an economist at Rakuten Securities Economic Research Institute, stated that the key focus for the Bank of Japan's next move lies in the extent to which the rise in energy prices caused by the Middle East conflict will trigger a chain reaction for other goods and services. He expects the Bank of Japan will maintain the status quo at next week's meeting, as under such shocks, the central bank should ensure that necessary funds are provided to those in need rather than raise interest rates. He said: "It is appropriate to postpone a rate hike until the situation in the Strait of Hormuz normalizes or the outlook for crude oil procurement becomes clearer."