Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
RBA Holds Rates but Warns of Rising Inflation Pressures 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
ASX Shares Slide After ASIC Imposes A$150 Million Capital Requirement 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
BOJ’s Noguchi Calls for Cautious, Gradual Interest Rate Hikes to Sustain Inflation Goals 
Bank of Korea Holds Interest Rates Steady as Weak Won Limits Policy Flexibility 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
The Bank of England (BoE) is widely expected to keep interest rates unchanged this Thursday, marking a slowdown in its rate-cutting cycle for the first time since it began loosening policy last year. The central bank’s latest decision follows mixed economic signals, including softer inflation and wage growth alongside rising unemployment.
In August, the BoE cut rates by a quarter point to 4% in a narrow 5-4 vote. Governor Andrew Bailey later cautioned that the pace of future cuts was “more uncertain.” Despite inflation remaining at 3.8%—the highest among major economies due to temporary factors such as April’s rise in employer social security contributions—it came in below the BoE’s 4% forecast for September. This has fueled renewed speculation about a possible rate reduction.
Financial markets currently price in a one-in-three chance of a cut on November 6, with odds rising to two-in-three by year-end. However, most economists still believe the BoE will hold rates until 2026. Analysts like ING’s James Smith anticipate another 5-4 split within the Monetary Policy Committee (MPC), favoring no change this week, while Nomura’s George Buckley expects a narrow vote in favor of a cut.
The MPC remains divided: some members, including Chief Economist Huw Pill and Catherine Mann, worry that elevated inflation could undermine confidence in the BoE’s 2% target. Others point to cooling wages and a weaker labor market as reasons for further easing. Bailey has emphasized that recent wage data supports his view of easing labor pressures.
Meanwhile, the BoE plans to implement more of former U.S. Fed Chair Ben Bernanke’s recommendations to improve transparency, allowing MPC members to share individual views and broaden analysis beyond central forecasts. Inflation is still projected to return to the 2% target by mid-2027, with modest economic growth expected in the near term.
