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Real-time News
Reserve Bank of New Zealand Assistant Governor Silk: Maintaining an accommodative policy for some time is in line with reality.Sources say Germany is considering purchasing more F-35 fighter jets from the United States.February 19 (KCNA) – A ceremony was held in Pyongyang on February 18 to present 600mm large-caliber rocket launchers to the 9th Congress of the Workers Party of Korea, according to a report by the Korean Central News Agency (KCNA). Kim Jong Un, General Secretary of the Workers Party of Korea and Chairman of the State Affairs Commission, attended the event. The report stated that the ceremony took place at the April 25th Cultural Hall Square in Pyongyang, where the military industry donated 50 newly produced 600mm large-caliber rocket launchers. Kim Jong Un inspected the launchers in a vehicle. At the ceremony, Kim Jong Un said that the 600mm large-caliber rocket launchers would enhance North Koreas war deterrence capabilities and enable the country to achieve its strategic objectives, making them a weapon to be proud of. He also said that the 9th Congress of the Workers Party of Korea would clarify the next stage of the North Korean self-defense force development plan and objectives.February 19th - On February 18th local time, several EU countries, including France, Belgium, Spain, Ireland, Slovenia, and Portugal, expressed strong dissatisfaction with the European Commissions decision to send representatives to the so-called "Peace Commission" meeting. The European Commission decided on the 16th to send Mediterranean Commissioner Dubravka Sjuica to the first formal meeting of the so-called "Peace Commission," scheduled for the 19th in Washington. Many EU countries pointed out that this decision was made without prior notification, lacked necessary authorization, and could potentially be interpreted as a collective endorsement of the meeting by the EU.On February 19th, Nick Timiraos, often referred to as the "Federal Reserve mouthpiece," wrote an article on the Fed meeting minutes, stating that sometimes what the Fed doesnt mention is more interesting. In every meeting last year (up to December), staff projected that inflation would return to 2% by 2027. In December, this projection was pushed back to 2028. However, the January meeting minutes did not specify a concrete timeframe for when inflation would reach 2%. Instead, the minutes indicated that the projected figure was "slightly higher, but balanced" compared to the December projection, and that inflation was expected to return to its "previous downward trend" as the impact of tariffs was expected to end by mid-year. However, the key phrase from the December minutes ("and to reach 2% by 2028") was absent from the January minutes.
