Core Viewpoint - Moody's indicates that the Bank of Korea may delay its next interest rate cut to the first quarter of 2026 due to high household debt, rising housing prices, and resilient economic data [1][2]. Economic Indicators - Recent inflation rebound and better-than-expected GDP growth in the third quarter suggest that the Bank of Korea does not have an urgent need to further ease monetary policy [1]. - The unemployment rate in South Korea was 2.6% in October, showing stability in the labor market, while manufacturing employment has recently started to recover after four months of decline [1]. Monetary Policy Outlook - The last monetary policy meeting of the Bank of Korea for this year is scheduled for November 27, with market attention on whether another rate cut will occur [1]. - The current seven-day repurchase rate is maintained at 2.5%, with four rate cuts implemented since October 2024, but the easing was paused starting July 2025 [1]. Risks to Financial Stability - High levels of household debt and real estate prices remain significant risks to South Korea's financial stability, despite government measures to restrict housing credit [1]. - The policy stance remains cautious regarding further easing, as there is concern that it could exacerbate asset bubbles, particularly in the Greater Seoul area [1].

Group 1 - The People's Bank of China conducted a reverse repurchase operation of 117.5 billion yuan with a fixed interest rate of 1.40% for a 7-day term on November 4, 2025 [1] - The total bidding amount matched the amount awarded, indicating strong demand in the market [1]

Core Insights - The central bank has indicated that it has exhausted its monetary policy tools to support an economy affected by the ongoing trade dispute with the U.S. [1] Economic Impact - The economy is currently facing challenges due to the trade row, which has led to a need for intervention from the central bank [1]

Core Points - The central bank conducted a reverse repurchase operation on October 23, 2025, with a fixed rate and quantity tendering method, amounting to 212.5 billion yuan for a 7-day term [1] - The operation interest rate was set at 1.40%, with both the bidding and winning amounts being 212.5 billion yuan [1] - A total of 236 billion yuan in reverse repos is set to mature today [1]

Core Insights - The Reserve Bank of Australia (RBA) is observing signs of loosening financial conditions following three interest rate cuts this year, with credit becoming more accessible for households and businesses [1][2] - Recent economic data has shown stronger-than-expected results, with disinflationary trends stalling and consumer spending remaining robust, particularly in the housing market where prices have reached record highs [2] - The RBA Assistant Governor Christopher Kent expressed skepticism about the concept of a neutral interest rate, indicating that estimates vary widely and that current cash rates may not provide clear guidance on monetary policy [3] Financial Indicators - The RBA is monitoring various financial indicators, including banks' funding costs, household credit, and business debt, which are beginning to show responses to the recent rate cuts [4]

Group 1 - The Central Bank of Egypt has lowered the benchmark interest rate by 100 basis points, with the new overnight lending and deposit rates set at 22% and 21% respectively [1] - The rationale behind the rate cut is the easing of inflationary pressures and stronger-than-expected economic growth [1] - The Central Bank aims to guide inflation to reach 7% (±2 percentage points) by Q4 2026 and 5% (±2 percentage points) by Q4 2028 [1] Group 2 - Since the beginning of the year, the Central Bank of Egypt has implemented four rate cuts, totaling a reduction of 6.25% (625 basis points) [2]

Core Viewpoint - The Bank of Japan is committed to further interest-rate hikes as stated by Governor Kazuo Ueda, amidst increasing speculation regarding the timing of the central bank's next move [1] Group 1 - The Bank of Japan's commitment to interest-rate hikes indicates a proactive approach to monetary policy [1] - Governor Kazuo Ueda's remarks suggest that the central bank is closely monitoring economic conditions to determine the appropriate timing for future rate increases [1]

Core Viewpoint - The Bank of England's Monetary Policy Committee member Catherine Mann emphasizes that the current interest rates are appropriate given the balance of inflation prospects relative to economic activity [1] Summary by Relevant Categories Inflation Situation - Mann discusses the inflation situation in the United Kingdom, indicating that the policy remains relatively loose compared to inflation prospects [1] Interest Rates Decision - The decision to hold interest rates in September is deemed appropriate by Mann, reflecting the current economic conditions [1] Economic Activity - There is a focus on the relationship between inflation prospects and economic activity, suggesting that the central bank is considering these factors in its monetary policy [1]

Group 1 - The People's Bank of China announced a reverse repurchase operation of 1.1 trillion yuan to maintain ample liquidity in the banking system [1] - The operation will be conducted on October 9, 2025, with a term of 3 months (91 days) [1] - The reverse repurchase will be executed through a fixed quantity, interest rate bidding, and multiple price winning method [1]

Sweden’s central bank started its hunt for a new deputy governor to replace the outgoing Anna Breman, with bank economists, a pension fund chief and the head of an employers’ organization seen as potential picks https://t.co/270vMI6l9z ...