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The Swiss inflation rate in October dropped to 0.6% for more than three years, lower than expected.
Swiss Federal Statistics Office data shows that Switzerland's October consumer price index (CPI) inflation rate fell to 0.6%, the lowest level since June 2021, below the market's expected 0.8%, compared to 0.8% in September. Housing and energy inflation slowed to 3.5%, while transportation prices fell by 2.7%. Compared to the previous month, CPI slightly decreased by 0.1%, not rising for the fifth consecutive month, reasons include decreases in hotel prices and international tour package prices. Prices of rbob gasoline, diesel, and fruits and vegetables also decreased.
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.
Swiss inflation drops to the lowest level in three years, the central bank is determined to cut interest rates in December.
In October, the inflation rate in swiss franc decreased to the lowest level in more than three years, indicating that the Swiss National Bank will further cut interest rates in both this year and 2025.
Is the Bank of Japan's 'hawkish heart' still alive? The next rate hike may be in December or January next year.
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Express News | Japan's government once again lowered its GDP growth forecast for the fiscal year.
The yen strengthened and the stock market fell, double blow to Japan's retirement fund GPIF encountered its largest quarterly loss since 2020.
japan's GPIF suffered its largest loss since 2020 in Q3 2024, primarily due to the rebound of the Japanese yen leading to reduced overseas securities income and a decline in the Japanese stock market.