BOJ Sees Inflation Win Yet Holds Rates; Why the Hesitation?
The Bank of Japan held rates at 1.25% while judging underlying inflation now aligns with its 2% goal; one board member sought a hike.
52 min ago10 min read
Lagarde: Near-term growth to be supported by AI spending and government outlays
Lagarde says AI investment and government spending will support near-term growth, but energy costs and financing headwinds persist.
29/10/2026 14:113 min read
- Growth should be backed by investment in artificial intelligence and public expenditure
- Higher energy costs and financing expenses are dampening economic confidence and activity
- Initial stages of the pricing pipeline indicate pressure on the upside
- Wage pressures remain subdued
The euro fell to a low of 1.1106 before recovering to 1.1130.
- Energy costs have climbed above the baseline trajectory
- Energy will add to inflation further over the medium term
- Headline inflation is expected to be significantly above target for the next few quarters
- The balance of risks for growth is tilted to the downside
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