EUR/USD
1.16014
0.017%
Gold
4135.71
0.261%
Oil
58.040
0.883%
USD/JPY
151.820
-0.068%
GBP/USD
1.33301
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GBP/JPY
202.379
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Real-time News
On October 22nd, Bank Indonesia unexpectedly held its policy rate steady after three consecutive rate cuts, pausing its assessment of the impact of previous easing measures and ongoing fiscal stimulus. Most had expected Bank Indonesia to cut rates by 25 basis points for the fourth consecutive time. The decision came after the countrys foreign exchange reserves fell to a 14-month low in September, limiting the central banks scope to support the rupiah. While the rupiah has remained strong against the dollar this month, economists still expect it to face downward pressure amidst foreign capital outflows.On October 22nd, UK inflation unexpectedly remained stable last month, bolstering the case for further interest rate cuts and leading traders to increase bets on a Bank of England rate cut. Money markets currently price in a 17 basis point rate cut by the Bank of England by December, equating to a roughly 70% probability of a 25 basis point cut. Before the data was released, the probability of a rate cut by the end of the year was slightly over one in three. UK government bond prices rose sharply, led by shorter-dated bonds, which are more sensitive to monetary policy. The two-year yield fell 10 basis points to 3.75%, its lowest level since August 2024.Japanese Finance Minister Katayama Satsuki: Measures need to be introduced quickly to alleviate the impact of rising prices.EU: Six new AI factories will be established in the Czech Republic, Lithuania, the Netherlands, Romania, Spain and Poland to accelerate the development of AI in Europe.Indonesias central bank unexpectedly kept its benchmark interest rate unchanged at 4.75%. The bank said its interest rate decision was consistent with its inflation outlook, which it expects to remain within its target range until 2026.
