Core Insights - The International Monetary Fund (IMF) projects Zambia's GDP growth rate to be 5.8% in 2025 and 6.4% in 2026 [1] - Zambia's inflation rate peaked at approximately 24% in 2021, with a significant decrease expected to 12.3% by October 2025, and is estimated to fall to single digits in 2026 [1] Economic Forecast - GDP growth rate for Zambia is forecasted at 5.8% in 2025 [1] - GDP growth rate is expected to increase to 6.4% in 2026 [1] - Inflation rate peaked at around 24% in 2021 [1] - Inflation rate projected to decline to 12.3% by October 2025 [1] - Inflation rate is estimated to drop to single digits in 2026 [1]

Group 1 - The core inflation rate in Sweden for August 2025, based on the Consumer Price Index (CPI), is reported at 1.1%, an increase from 0.8% in July [1] - The fixed-rate Consumer Price Index (CPIF) inflation rate stands at 3.2% for August 2025, up from 3.0% in July [1]

瑞典统计局10月15日发布，2025年9月，根据消费者价格指数（CPI）计算的 通货膨胀率为0.9%，低于8月的1.1%。根据固定利率消费者价格指数（CPIF）计算 的通货膨胀率为3.1%，低于8月的3.2%。报道称，食品价格连续两个月下跌导致了 通胀率下降。 （原标题：瑞典9月通胀率降至0.9%） ...

Core Insights - Spain's inflation rate reached 3% in September, marking a 0.3 percentage point increase from the previous month, the highest level since February of this year [1] - The core inflation rate, excluding energy and fresh food, remained stable at 2.4% compared to the previous month [1] Inflation Drivers - The rise in fuel and electricity prices was identified as the primary reason for the increase in the inflation rate in Spain for September [1]

Core Viewpoint - The Central Bank of Brazil has decided to maintain the benchmark interest rate at 15%, marking the second consecutive decision to keep the rate unchanged, aligning with market expectations [1] Summary by Category Monetary Policy - The decision to hold the interest rate steady at 15% reflects the Central Bank's strategy in managing economic conditions [1] - The current real interest rate in Brazil, adjusted for inflation, stands at 9.51%, making it the second highest globally, following Turkey's rate of 12.34% [1]

Core Viewpoint - The Bank of Japan's Governor Kazuo Ueda warned that the duration of rising prices may last longer than expected, potentially putting pressure on consumer spending. He indicated that if economic performance meets expectations, the Bank of Japan will raise the benchmark interest rate [2]. Group 1: Economic Outlook - Ueda's remarks have heightened market expectations for a near-term interest rate hike by the Bank of Japan [2]. - The current benchmark interest rate in Japan remains low, and when considering the inflation rate, the real interest rate in Japan is still negative [2]. Group 2: Market Implications - The anticipated interest rate hike by the Bank of Japan could strengthen the yen further, enhancing its safe-haven appeal [2]. - The Bank of Japan's monetary policy is largely aligned with that of the Federal Reserve, as indicated by Warren Buffett's recent increase in investments in Japanese trading companies [2]. Group 3: Potential Economic Impact - A gradual increase in the benchmark interest rate may negatively impact the Japanese economy, as higher rates could exacerbate existing economic challenges [2].

Core Insights - The Federal Reserve's Goolsbee indicated that the final interest rate may stabilize around 3% and inflation is expected to decrease to 2%, which is a satisfactory outcome for the Fed [1] Group 1 - The potential stabilization of interest rates at approximately 3% suggests a shift in monetary policy that could impact various sectors, particularly those sensitive to interest rate changes [1] - The anticipated decline in inflation to 2% may influence consumer spending and investment strategies across industries, as lower inflation typically supports economic growth [1]

Core Insights - Romania's inflation rate surged to 9.9% in August 2025, up from 7.8% in July, indicating a significant increase in consumer prices [1] - Non-food items experienced the highest price increase at 10.5%, reflecting broader inflationary pressures in the economy [1] - The Romanian National Bank's president anticipates that inflation will peak in September [1] Price Changes - Electricity prices rose by 65.7% following the government's cancellation of the electricity price cap support program, contributing to the overall inflation [1] - Service prices increased by 9.9%, while food prices saw an 8.9% rise, highlighting the widespread nature of price increases across different sectors [1]

据"乐在线"9月17日报道，加纳央行（BoG）货币政策委员会将政策利率从25%下调350个基点至 21.5%，并预测总体通胀率将在第四季度末再次下降至8%左右。 央行将继续监测宏观经济发展，并在必要时采取适当的政策决定，以加强通货紧缩进程。然而，公 用事业费用可能上调，中期可能会产生一定的价格压力，并影响通胀率。目前加纳电力公司（ECG）已 提出申请要求将配电服务费提高225%。 （原标题：加纳央行下调政策利率至21.5%） 货币方面，由于加纳银行采取了审慎的货币政策措施，塞地仍然是世界上最强势的货币之一。 ...

9月18日凌晨，美国联邦储备委员会宣布，将联邦基金利率目标区间下调25个基点，至 4.00%-4.25%， 符合市场普遍预期。同时，这也是美联储2025年以来的首次降息。 据悉，长期疲软的就业数据是导致美联储再次启动降息的主要原因。 对此，鲍威尔表示，此次降息举措是一项风险管理决策，没有必要快速调整利率。这意味着美联储并不 会进入持续性的降息周期。 美国劳工统计局公布的数据显示，8月份非农就业人数仅增加2.2万，较7月份修正后的7.9万大幅下降。 市场此前预计，8月份就业岗位将增加7.5万个，远低于预期。8月失业率为4.3%升至近四年来新高。综 合修正后的数据，2024年4月至2025年3月美国就业增长数据下调91.1万个。 鲍威尔也在新闻发布会上暗示，美联储正在把政策重点从通胀转向就业。鲍威尔称，美联储的政策一直 侧重针对通胀，现在正朝着更中性的政策方向发展。美国劳动力市场正在降温，是时候在政策制定中考 虑到这一点了。 需要注意的是，美国在面临就业下行压力的同时，还因关税上涨面临通胀偏向上行的风险。而美联储的 目标是长期实现就业最大化和2%的通货膨胀率。 中信证券也在研报中分析称，点阵图指引年内还有50bp ...