On the same day, two central banks both chose to tighten policy, but for completely opposite reasons.
Australia’s RBA raised its cash rate by 25 basis points to 4.85%, its fifth rate hike of 2026 and the highest level in 18 years. The vote was split 6–3.
The People’s Bank of China, meanwhile, raised the reserve requirement ratio for foreign currency deposits from 4% to 6%, effective November 15. Reuters estimates this will lock up an additional roughly $24 billion.
Crypto prices were also on the move that day: BTC fell about 2% in early Asian trading, dropping below $77,000, while ETH held above $2,250.
One practical point: when watching central banks, don’t just focus on whether they’re “raising or cutting rates”—look at what they’re trying to rein in. Australia is tackling inflation, while China is managing the pace of the yuan’s appreciation.
Which do you think is more worth watching next: whether Australia hikes again in December, or the actual impact of China’s move on the yuan?
#经济政策 $BTC
Australia’s RBA raised its cash rate by 25 basis points to 4.85%, its fifth rate hike of 2026 and the highest level in 18 years. The vote was split 6–3.
The People’s Bank of China, meanwhile, raised the reserve requirement ratio for foreign currency deposits from 4% to 6%, effective November 15. Reuters estimates this will lock up an additional roughly $24 billion.
Crypto prices were also on the move that day: BTC fell about 2% in early Asian trading, dropping below $77,000, while ETH held above $2,250.
One practical point: when watching central banks, don’t just focus on whether they’re “raising or cutting rates”—look at what they’re trying to rein in. Australia is tackling inflation, while China is managing the pace of the yuan’s appreciation.
Which do you think is more worth watching next: whether Australia hikes again in December, or the actual impact of China’s move on the yuan?
#经济政策 $BTC
