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Price growth excluding fresh food ran below the 2 per cent target for an eighth consecutive month in August while underlying demand pressures reached 1.9 per cent.
The central bank kept its benchmark discount rate at 2 percent for a tenth consecutive quarter while raising second-home loan ceilings to 70 percent.
The US Dollar Index pushed past 100 as Asian currencies slid following monetary tightening in Washington.
Fitch Ratings expects earnings gains to outweigh higher bond valuation losses and deposit costs over the next one to two years.
A seven to three majority vote keeps Pakistan’s key rate steady as headline inflation climbed to 11.1 per cent in August.
Economists forecast Japanese benchmark borrowing costs will reach 1.75 percent by mid-2027 as joint currency intervention eases political hurdles for monetary tightening.
Japan spent a record $96.4 billion over the past month defending the yen ahead of the Bank of Japan’s policy decision on September 18.
Traders price in a two-in-three chance of a Federal Reserve rate increase this month while Japanese government bond yields pull back from historic highs.
Foreign funds bought 9.5 billion yuan of Chinese sovereign debt in July for a third straight month as weak domestic consumer spending and factory output fuel rate-cut expectations.
The 25-basis-point increase comes despite second-quarter economic growth slowing to 2.3 per cent.
Asian equities saw mixed results as concerns over the US economy overshadowed earlier hopes for stable interest rates. Weak retail sales and consumer sentiment in the US are now shifting investor focus to upcoming earnings from major retailers.
A recent joint intervention by the US and Japan has failed to sustain a recovery for the Japanese yen, which is once again nearing 160 per US dollar. Analysts predict further action may be needed as a rout in US Treasuries fuels the yen carry trade.
Asian stock markets experienced a significant rally following the US Treasury’s announcement to increase long-term bond issuance, a move designed to alleviate concerns over surging borrowing costs and provide stability to global financial markets.
Vietnam’s gold market showcased resilience on Wednesday morning, with gold bar prices firming up even as global bullion rates experienced an uptick. Steady Prices in Vietnam Amid Global Trends The Saigon Jewelry Company set its gold bar price at VND 117.2…
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