Euro:
1. ECB Governing Council member Kazmir: Further tightening of policy is still needed to curb inflation.
2. ECB Governing Council member Pereira: Energy operations will take several months to return to normal. Speculating on future ECB interest rates is pointless.
Yen:
1. The Bank of Japan raised its target interest rate from 0.75% to 1.00%, the highest level in 31 years, stating that it will continue to raise policy rates based on developments in economic activity, prices, and financial conditions.
2. Bank of Japan: The current plan to reduce the scale of Japanese government bond purchases by 200 billion yen per month until January to March 2027 remains unchanged; from April 2027, the reduction in bond purchases will be suspended, maintaining the monthly purchase scale of Japanese government bonds at approximately 2 trillion yen. If necessary, the Bank of Japan is prepared to revise the reduction plan at future policy meetings.
3. Bank of Japan Deputy Governor Shinichi Uchida: The Japanese economy has recovered moderately, although some weakness has emerged in certain areas. The Bank of Japan will continue to raise policy rates based on developments in economic activity, prices, and financial conditions. Currently, there are no plans to change the pace of ETF purchases or reductions. The policy of raising interest rates and purchasing bonds is not considered contradictory.
Other:
1. Polish Central Bank Committee member Kotecki: The Polish Monetary Policy Committee's inclination towards raising interest rates is lower than a month ago. It is too early to comment on rate cuts. Polish interest rates will remain unchanged in 2026, possibly until March 2027.
2. The Bank of Portugal projects economic growth of 1.6% in 2027 and 1.8% in 2028. The 2026 economic growth forecast remains unchanged at 1.8%.
3. Pakistan's Finance Minister: Plans to issue additional Eurobonds, US dollars, and rupee-pegged US dollar-settled bonds; the specific amount is yet to be determined.
4. The Governor of the Central Bank of Iran led a delegation to Moscow to develop monetary and banking relations between Iran and Russia.
5. The Reserve Bank of Australia kept interest rates unchanged at 4.35%, ending three consecutive meetings of rate hikes. The RBA stated that the latest data shows that overall and core inflation remain too high. 6. The Reserve Bank of Australia (RBA) Governor Bullock: Interest rate hikes were not considered at this meeting. Further tightening of policy is not ruled out if necessary. Inflation remains too high, and demand needs to slow to bring it down.
7. Bank of Korea meeting minutes: One member stated that the Bank of Korea should review policy adjustments to address increasing inflationary pressures.
