日本央行审议委员高田创：我们需要在假设日本央行物价目标已经实现的前提下讨论货币政策。美联储 恢复降息本可能会限制日本央行的政策灵活性，但这次情况并非如此，因为美联储降息是出于风险管理 的角度，而非担心经济衰退。日本正出现通胀的"第二轮效应"可能扩大的条件。从经济即将迎来"真正 的黎明"的角度来看，日本央行必须在实施货币政策时，分几个阶段逐步"转换档位"。 ...

Group 1 - The latest data indicates an unexpected rise in the UK's unemployment rate to 4.8%, the highest level since May 2021, while private sector wage growth slowed to 4.4%, below market expectations and the lowest since the end of 2021 [1][4] - The data suggests a loosening labor market, providing support for more dovish members of the Monetary Policy Committee who wish to maintain interest rate cut expectations [4] - The number of job vacancies decreased by only 9,000 in the three months to September, indicating that the labor market is stabilizing despite the recent challenges [4][8] Group 2 - The UK's inflation rate is nearly double the 2% target, leading to intensified debates within the Bank of England regarding the risk of a feedback loop from high inflation pushing up wage demands [6] - Recent discussions among policymakers, including Megan Greene, highlight concerns about second-round effects of inflation, although the market has largely ruled out further rate cuts this year [6] - The recent slowdown in layoffs due to the April payroll tax increase and minimum wage rise aligns with a key survey indicating stabilization in multiple labor market indicators [8]

英国央行货币政策委员格林：我们近期通胀水平的高位盘整可能引发第二轮效应的风险偏向上行。 ...