BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
Taiwan Central Bank Likely to Keep Interest Rates Unchanged Through 2027 
BOJ Raises Interest Rates to 31-Year High, Signals Strong Focus on Inflation Risks 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
Jerome Powell Warns Against Politicizing the Federal Reserve, Defends Democratic Institutions 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
J.P. Morgan Sees Major Upside for Prysmian as Optical Fiber Prices Surge 
Goldman Sachs Sees U.S. Dollar Holding Firm as Strong Economic Data Supports Outlook 
RBI Hits Pause as Geopolitical Storm Clouds Gather 
AI Memory Boom Sparks Global Chip Supply Crunch 
Today, some of the measures of inflation in UK improved but levels of inflation that can be considered as normal, still very far away.
Given such, though Bank of England policymakers said they would consider hiking rates at turn of the year, it seems it is quite difficult to digest the idea given UK's zero inflation and Bank of England's rate standing at 0.5%.
Key highlights
- Producer price index (output) dropped -1.8% in August y/y. Producer price index dropped by -0.4% m/m.
- House prices grew in July, however at slower pace than expected, grew 5.2% in August from a year ago. Much lower than analysts' expectations of 6.2 % growth.
- Retail price index up sharply, at +0.05% m/m and grew 1.1% y/y in August.
- Consumer price index stayed at 0% m/m but Core CPI remained at 1% from a year ago, compared to prior 0.8%.
Pound is sharply down today, failing to break above key 1.55 resistance area.
