The post Bank of Japan may signal December interest rate hike, sources say appeared on BitcoinEthereumNews.com. Key Takeaways The Bank of Japan is signaling a possible interest rate hike at its December policy meeting. Officials are emphasizing the importance of new economic and wage growth data, particularly given the recent yen depreciation. Bank of Japan officials are signaling a potential interest rate hike at their December policy meeting, sources familiar with the matter told Reuters. The central bank appears to be preparing markets for a possible rate adjustment as policymakers weigh economic data and currency developments. Governor Kazuo Ueda has emphasized the need for additional data on wage growth trends while highlighting how a weakening yen could influence underlying inflation. The recent yen depreciation is factoring into the Bank of Japan’s considerations for a possible rate hike to address inflation effects. Board member Junko Koeda has indicated the possibility of an imminent rate hike by pointing to the necessity of policy normalization in response to the yen’s recent decline. Bank of Japan officials are tweaking messaging to prepare markets for potential rate changes, with emphasis on data-driven decisions for December. Source: https://cryptobriefing.com/boj-may-signal-december-rate-hike/The post Bank of Japan may signal December interest rate hike, sources say appeared on BitcoinEthereumNews.com. Key Takeaways The Bank of Japan is signaling a possible interest rate hike at its December policy meeting. Officials are emphasizing the importance of new economic and wage growth data, particularly given the recent yen depreciation. Bank of Japan officials are signaling a potential interest rate hike at their December policy meeting, sources familiar with the matter told Reuters. The central bank appears to be preparing markets for a possible rate adjustment as policymakers weigh economic data and currency developments. Governor Kazuo Ueda has emphasized the need for additional data on wage growth trends while highlighting how a weakening yen could influence underlying inflation. The recent yen depreciation is factoring into the Bank of Japan’s considerations for a possible rate hike to address inflation effects. Board member Junko Koeda has indicated the possibility of an imminent rate hike by pointing to the necessity of policy normalization in response to the yen’s recent decline. Bank of Japan officials are tweaking messaging to prepare markets for potential rate changes, with emphasis on data-driven decisions for December. Source: https://cryptobriefing.com/boj-may-signal-december-rate-hike/

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more