EUR/USD
1.17367
0.009%
Gold
3648.57
0.401%
Oil
61.662
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USD/JPY
147.462
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GBP/USD
1.35602
-0.094%
GBP/JPY
199.968
0.088%
Real-time News
On September 12th, Christodoulos Patsalides, a member of the European Central Banks governing council and the Governor of the Central Bank of Cyprus, stated on Friday that the ECB does not need to adjust its benchmark interest rate in the near future, but future adjustments could be in both directions. He stated that as long as inflation develops as expected, "the current interest rate is appropriate." Patsalides stated that it is fair to say that inflation risks are currently balanced, and in this context, "the next move in interest rates could be upwards or downwards." He emphasized that all options are on the table and that a rate hike would not be ruled out if necessary. The forecast for the Harmonized Index of Consumer Prices (HICP) for 2026 is "only a short-term deviation from the 2% target," with the ECB projecting it to return to 1.9% by 2027. "Therefore, there is no reason to be overly concerned about a prolonged period of below-target inflation." As for the downward revision of the 2027 inflation forecast to 1.9% from 2% in June, Patsalides stated that the two forecasts are "almost identical," primarily due to technical assumptions such as exchange rate fluctuations, rather than fundamental changes.Market news: The EU accepted Microsofts commitment to resolve the Teams antitrust case, and Microsoft promised to separate Teams from the Office suite.A Kyodo News opinion poll in Japan showed that Sanae Takaichi leads the Liberal Democratic Party with 28% support, while Junichiro Koizumi has 22.5%.A Kyodo News poll showed that Japans cabinet approval rating rose 1.8 percentage points to 34.5%.ECB board member Escriva: GDP growth is slow and there are competitiveness problems.
