Traders Cut South Africa Rate-Hike Bets After Iran Peace Deal

Traders have reduced expectations for further interest-rate hikes in South Africa following a US-Iran peace deal. This agreement caused oil prices to drop, which may lower inflationary pressures. Conversely, an ex-economist states that the Bank of Japan's rate-hike plans remain unaffected by the geopolitical shift. This steadfast approach by the BOJ could potentially trigger market volatility, which may subsequently impact global investment strategies and liquidity across various international financial markets.