[Global Forex Market News Express (September 18)]
1. After the release of the UK's August inflation data, UK interest rate futures showed that the probability of the Bank of England cutting interest rates by 25 basis points on Thursday was about 28%, lower than 37% before the data was released. Traders slightly reduced their bets on the Bank of England to cut interest rates, and it is expected to cut interest rates by 48 basis points by the end of the year.
2. EU French Commissioner Breton announced his resignation and criticized the management of the Executive Committee.
3. ECB-Government Commissioner Kazimir: The ECB will almost certainly have to wait until December for the next rate cut. Deputy Governor Guindos: Our forecast shows that by the end of 2025, inflation will hover around the target of 2%. Chief Economist Lane: If the upcoming data is consistent with the baseline forecast, it will be appropriate to gradually reduce restrictive policies.
4. Rogers, Senior Deputy Governor of the Bank of Canada: The economy still has room for growth, and hopes that the core CPI will fall, and overall inflation is expected to be "volatile".
5. French central bank governor Villeroy: France's economic growth is expected to be 1.2% in 2025 (the same as the previous forecast), and 1.5% in 2026 (previously predicted to be 1.6%).
6. Reserve Bank of Australia: It will give priority to central bank digital currency (CBDC) at the wholesale level.
7. Central Bank of Ireland: HICP is expected to be +1.6% in 2024 (previously predicted to be +1.7%), +1.9% in 2025 (previously predicted to be +2.0%), and +1.5% in 2026. GDP is expected to be -0.9% in 2024 (previously predicted to be +1.9%), +4.6% in 2025 (previously predicted to be +4.4%), and +4.4% in 2026.
8. The Bank of Spain raised its GDP growth forecast for 2024 from 2.3% to 2.8%, lowered its inflation forecast for 2024 from 3% to 2.9%, and raised its inflation forecast for 2025 to 2.1%.
9. According to the Polish News Agency (PAP): Poland's budget deficit at the end of August was 88.65 billion Polish zlotys.
10. Czech Central Bank member Holub: The central bank has room to cut interest rates by 50 basis points in the two upcoming meetings.
11. Thailand's Ministry of Finance: A meeting has been arranged with the central bank to discuss inflation targets. It is hoped that interest rates will be adjusted in sync with global interest rates.
12. Federation of Thai Industries: The strengthening of the Thai baht has an impact on exports.
13. Governor of the Central Bank of the Philippines: Bank reserve requirements will be significantly reduced this year, and bank reserve requirements may be further reduced next year.