According to CoinMeta, Citibank strategist Tomohisa Fujiki pointed out in a report that, supported by the rebound in the stock market and strong inflation data, market expectations for a rise in interest rates by the Bank of Japan are increasing. Citibank expects the Bank of Japan to raise interest rates to 1.50% in December, which is in line with market pricing, which reflects a 75% probability of a 25-basis-point hike next month. In addition, Citibank also expects the policy rate to be raised to 1.75% in the first quarter and then to 2.00% in the third quarter.