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BoJ's Himino says they expect to continue increasing rates in accordance with developments in the economic, price and financial situations

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USTR says they have commenced a Section 301 probe of Germany regarding pharmaceuticals, to determine whether persistent underpayment for innovative pharmaceutical products by Germany is unreasonable or discriminatory

China says Australian beef imports hit 100% of quota on June 18th

BoJ's Himino says they expect to continue increasing rates in accordance with developments in the economic, price and financial situations

Israel launches intense air and artillery strikes in southern Lebanon, according to Tasnim

SNP has conceded the Aberdeen South by-election in the UK to the Conservative Party, Times' Cole reports

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  • Timing and pace of action will be considered alongside the likelihood of the baseline scenario occurring.
  • Underlying inflation is approaching 2%. Recent price rise are not driven just by temporary supply shock, is a risk of underlying inflation deviating from the price target.
  • Monetary policy does not target FX moves, but compared with the past, FX moves have a bigger impact on inflation due to changes in corporate behaviour.

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