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Real-time News
Japanese Minister of Economy, Trade and Industry Minoru Jonouchi: The CPI is expected to gradually rise due to the situation in the Middle East.Destri, a candidate for governor of Central Bank Indonesia, said that the central banks interest rate policy will be forward-looking and preventative.On August 26th, DBS Bank economists Taimur Baig and Radhika Rao predicted that the Bank of Korea (BOK) will raise its benchmark interest rate by 25 basis points to 3.00% at its August meeting. They also noted significant room to revise its 2026 GDP growth forecast from the current 2.6% to approximately 3.5%, and its 2027 CPI inflation forecast from the current 2.3% to near 3.0%. They pointed to stronger-than-expected economic growth in the first half of the year, continued core inflation, and rising housing prices as supporting factors. However, they also stated, "However, we cannot rule out the possibility that the BOK will adopt a hawkish stance and remain on hold at this meeting. This assessment mainly reflects the recent tightening of financial market conditions due to the sharp appreciation of the won and increased volatility in the KOSPI index. Therefore, the BOK may maintain the current interest rate at this meeting while hinting at a possible further rate hike at the October meeting."On August 26th, in response to passenger concerns regarding flight ticket refund and change services, the China Air Transport Association (CATA) has taken the lead in coordinating and promoting the upgrading and optimization of these services, launching several measures. These include researching and issuing refund and change standards to comprehensively improve the transparency of the rules. CATA is currently leading the development of a special group standard for flight ticket refunds and changes, which is planned to be officially released and implemented this year. The standard will clearly define refund and change requirements. All ticketing platforms and official airline channels must proactively disclose refund and change rates, restrictions, and free refund and change scenarios to passengers before they pay for their orders, using prominent fonts, mandatory pop-up prompts, exclusive logos, and upfront notifications. This will address the issues of hidden, incomprehensible, and uninformed rules, ensuring passengers right to know and right to choose.The yield on Japans two-year government bonds rose 2.0 basis points to 1.695%.
