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PBOC set 5- and 1-year LPR rates unchanged, 3.5% and 3.0% respectively. As expected.

Citi’s Akira Hoshino says the BOJ could hike rates three times in 2026 if yen weakness persists, with USD/JPY above 160 potentially triggering an April move to 1%, followed by July and possibly year-end.


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