Express News | Mitsubishi UFJ: The Bank of England may cut interest rates in November, but may not do so in December.
Japan's opposition party leader warned the central bank twice in one week: wait at least six months before raising interest rates.
Japan's ruling party, the Liberal Democratic Party, is seeking the support of opposition party leaders, who have once again warned the Bank of Japan in an interview not to raise interest rates prematurely, stating that the central bank should wait at least six months before raising rates until there are signs that wage growth can sustainably exceed inflation.
Is the Bank of Japan's 'hawkish heart' still alive? The next rate hike may be in December or January next year.
Analysts say that the Bank of japan's tone is "moderately" hawkish, and the timing of a rate hike will depend on .......
The final value of the United Kingdom's manufacturing PMI in October was revised downwards to 49.9, falling back into contraction.
S&P Global announced that, adjusted for seasonality, the final value of the United Kingdom's manufacturing PMI in October was revised down from the previous value of 51.5 to 49.9, falling back into contraction for the first time since April, confirming market expectations of only a slight drop to 50.3. New orders and purchasing inventory continued to shrink, posing significant pressure on the PMI. The pace of production expansion also slowed significantly. Input costs inflation rapidly decelerated to a ten-month low, with the rate of deceleration being one of the strongest in data collection over the past 33 years. Average selling prices continued to rise for 12 months in a row, but the rate of increase slowed to the smallest since February. Manufacturing company confidence slightly rebounded from the nine-month low created in September.
United Kingdom's manufacturing sector started the fourth quarter uncertainly. Cost inflation easing may provide growth space for policymakers.
November 1st, Global Intelligence Director Rob Dobson of Standard & Poor's stated: "The United Kingdom's manufacturing industry began the last quarter of the year on uncertain footing, as speculation on government policies before the budget led to a widely reported caution in investment and spending. Domestic headwinds, coupled with ongoing losses in export business, resulted in a comprehensive contraction in new employment levels for the first time since April. As a result, output growth has nearly stagnated. Overall PMI fell below the neutral level of 50.0, with business optimism only slightly higher than the nine-month low point in September, which also signals
Express News | Japan's government once again lowered its GDP growth forecast for the fiscal year.