[Institutions: Central Banks in Multiple Countries May Be Entering a Synchronized Rate-Hike Cycle] According to a report by Jin10, Krishna Bhimavarapu, an economist for State Street Global Advisors in the Asia-Pacific region, stated that supported by stronger economic resilience and rising inflation, central banks in various countries may be entering a phase of synchronized interest rate hikes. Bhimavarapu pointed out that the Bank of Japan appears ready to raise rates to the psychologically significant level of 1.0%, adding that the Bank of Japan may signal a second rate hike later this year. In contrast, however, the Reserve Bank of Australia seems likely to pause rate hikes as both economic growth and labor market momentum have weakened. Nevertheless, the issue of inflation remains unresolved, which could leave room for at least one more rate hike later this year. Additionally, Bhimavarapu expects the Federal Reserve to adopt a more hawkish stance by the end of this week.