Japan Producer Inflation Hits 7.1% in June, Fueling BOJ Rate Hike Expectations 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
South Korea Central Bank Set to Raise Interest Rates as Inflation Stays Elevated 
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
RBNZ Raises Interest Rates to 2.50%, Signals More Tightening as Inflation Risks Persist 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
BOJ May Raise Japan Growth Forecast While Keeping Focus on Inflation Risks 
Inflation for October came out very much as expected. The CPI rose by 0.1% on the month, in line with forecasts. CPIF stood at 1.1% y/y, a tad higher than we had expected (1.0%) but in line with consensus and the Riksbank's view.
Notably, CPIF excluding energy decreased to 1.6% y/y from 1.8% in September. This was in line with the call but 0.1% point below the Riksbank's forecast.
The main surprise was food prices that rose somewhat while economists had expected them to edge down. Mortgage rates fell more than what had been expected, which affect the CPI but not the CPIF. Most other components came out in line with what was expected.
"We expect CPIF-inflation to rise the coming months, mainly due to base effects. Our forecast for the remainder of the year is a tad lower than the Riksbank's view. More important for the Riksbank is that the probability for SEK appreciation is looming, not least as we expect the ECB to take more action in early December. Therefore, we stick to our view that the Riksbank will cut rates in December",says Nordea Bank.
