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South Korean Q2 GDP growth exceeds expectations, signaling potential Bank of Korea rate hike
Yonhap ENLO·KR·2 days ago
Central Bank Governor Elvira Nabiullina stated that the baseline inflation and GDP forecasts assume Russian enterprises will restore production capacity by the end of 2026. The bank simultaneously lowered the key interest rate to 14.0%, citing positive GDP dynamics in the first half of the year.
The Bank of Russia has confirmed a key interest rate cut to 14.0%, projecting industrial capacity recovery by year-end 2026, despite acknowledging fuel supply constraints are driving broad inflationary pressure. Concurrently, the European Union is experiencing divergent inflation trends, with some member states mitigating price growth while others face persistent volatility due to global factors.