Breakfast Briefing | 15 June 2026 | Central Bank Super-Week Begins

A defining week for global monetary policy is underway, with three major central bank decisions due in quick succession.The Reserve Bank leads tomorrow, where no change is expected from the current 4.35% cash rate. On Thursday, the US Federal Reserve meets for the first time under new chair Kevin Warsh, with markets expecting a hold at 3.75% even as US consumer prices run at a three-year high of 4.2%. The Bank of Japan is also tipped to raise its rate by 25 basis points to 1%, which would mark its highest setting since 1995.Geopolitics remains in play, with Israeli strikes on Beirut stalling talk of a Middle East deal and keeping oil prices and inflation risk firmly in view.Markets this morning: the Australian dollar at 70.5 USc, the AU 10-year bond yield at 4.82%, the US 10-year Treasury at 4.49%, gold at USD 4,222/oz, oil just under USD 85/bbl (Brent at USD 87.50/bbl), and bitcoin at USD 63,655.Read the full report with all source links at interest.com.au.https://www.interest.com.au/economy/715/wars-bubbles-dominate-markets-eyes-fed-bofj-and-rba-china-bank-lending-restrained-us#BreakfastBriefing #RBA #InterestRates #AustralianEconomy #interestcomau #FederalReserve #MonetaryPolicy #BankOfJapan #Markets #Economy