BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
Thailand Economy Faces Competitiveness Challenges as Strong Baht and U.S. Tariffs Pressure Exports 
Fed’s Anna Paulson Signals Rate Cuts May Come Later as Inflation Cools and Labor Market Stabilizes 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Economists expect a measured hawkish nudge from BoE's Quarterly Inflation Report (QIR)to be published on 5 November. There has not been enough downside news, for the BoE to justify the decline in market interest rate expectations since August. The BoE was already bearish relative to consensus on Chinese growth in August, while wages and unemployment are beating BoE forecasts.Uncertainty about the global outlook warrants some additional caution. They are unlikely to try and jolt markets.
"In our view. However, they have also been signaling a change in focus towards rate hikes for several quarters, with their above target three-year ahead inflation forecasts. The November QIR should be no different. We look for the BoE to forecast 2.1%/2.2% inflation at the 2/3 year horizon", says BofA Merrill Lynch.
