Group 1 - The core viewpoint is that recent data indicates a vulnerability in the inflation outlook [1] Group 2 - The comments from the ECB governing council member Kazimir highlight concerns regarding the current inflation trends [1] - The statement suggests that the economic environment may be facing challenges that could impact monetary policy decisions [1] - The emphasis on inflation vulnerability points to potential implications for investment strategies in the Eurozone [1]

Group 1 - The Bank of England maintained the policy interest rate at 4.25%, aligning with market expectations [1] - The voting ratio was 6:3, with members including Dingra, Ramsden, and Taylor supporting a rate cut [1] - The outlook for interest rates suggests a gradual and cautious approach, with Governor Bailey indicating rates will "gradually decline" [1] Group 2 - The second quarter GDP is projected to grow approximately 0.25% quarter-on-quarter, an increase from the previous forecast of 0.1% [1] - The mid-term CPI path risks are seen as two-sided, with significant wage slowdown expected for the remainder of the year [1] - CPI is anticipated to peak at 3.7% in September, remaining below 3.5% for the rest of the year [1] Group 3 - Preliminary analysis indicates that the impact of tariffs on global GDP may be smaller than previously expected in May [1] - Recent global developments did not significantly influence the decision to maintain interest rates in June [1] Group 4 - The GBP/USD exchange rate experienced a short-term decline, with traders increasing bets on an 80% probability of a rate cut in August [1] - There are expectations for an additional 50 basis points cut by the central bank within the year [1]

Core Viewpoint - The Federal Reserve Chairman Jerome Powell stated that the inflation outlook for the Federal Reserve would improve if there were no tariff measures in place [1] Group 1 - The current tariff measures are impacting the inflation outlook negatively [1] - Powell suggests that removing these tariffs could lead to a more favorable inflation scenario [1] - The statement indicates a direct correlation between trade policies and inflation expectations [1]

Core Viewpoint - The Bank of Canada's Governor Macklem described the inflation outlook as "complex" [1] Group 1 - The central bank is facing challenges in predicting inflation trends due to various economic factors [1] - Macklem emphasized the need for careful monitoring of inflation indicators to guide monetary policy decisions [1] - The complexity of the inflation outlook is influenced by both domestic and global economic conditions [1]

Group 1 - The Bank of Japan unanimously decided to maintain interest rates, with future rate hikes dependent on the likelihood of achieving economic expectations [1] - The Japanese economy is showing moderate recovery, although some signs of weakness remain, with downward risks to both the economy and prices being more severe [1] - Inflation expectations in Japan have not stabilized at the 2% target level, with core inflation not rising at an accelerated pace [1] Group 2 - The Bank of Japan plans to reduce monthly government bond purchases, with a target of 325 billion yen for 3-5 year bonds from July to September, down from 275 billion yen previously [2] - By March 2027, the total amount of government bonds held by the Bank of Japan is expected to decrease by approximately 16-17% from the levels in June 2024 [2] - A new bond purchase plan will be announced in June next year for the period starting April 2027 [2]

欧洲央行管委雷恩：必须避免对通胀前景感到自满。 ...

Group 1 - The European Central Bank's inflation target will remain stable at 2% [1] - Labor costs are gradually slowing down [1] - Economic growth risks are skewed to the downside [1] Group 2 - Trade tensions may reduce economic growth [1] - Most long-term inflation expectations are around 2% [1] - The inflation outlook is more uncertain than in the past [1]

欧洲央行行长拉加德：通胀前景比以往更为不确定。 ...

美联储博斯蒂克：目前尚不清楚关税将如何影响通胀前景。 ...

印度央行：温和的通胀前景和适度的经济增长支持货币政策维持对增长的支持立场。 ...