BoK keeps 7-day Repo Rate unchanged at 2.50%, as expected

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PBoC sets USD/CNY mid-point at 6.8240 vs exp. 6.7861 (prev. 6.8291)

Trump administration is in discussions to fund US drone companies, according to WSJ

BoK keeps 7-day Repo Rate unchanged at 2.50%, as expected

Military source tells Tasnim that hours ago, a US oil tanker intended to cross the Strait of Hormuz by turning off radar system, but IRGC Navy fired at it and forced it to turn back, while US army fired into Bandar Abbas but caused no damage

BoJ Governor Ueda says we have seen supply shocks in food and energy, which even if temporary, can lift the overall inflation rate because of their cumulative impact

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Says:

  • Sees 2026 GDP growth at 2.6% and 2026 GDP growth at 2.1%.
  • Raises 2026 inflation view to 2.7% from 2.2% and sees 2027 inflation at 2.3%.

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