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EmergingThe statement, republished by the BIS on 2 November, ties the 50 basis point cut to inflation slowing to 9.3% in September and a stronger tenge, with risks still tilted upward.
PolicyThe Monetary Policy Board said on 3 November that inflation is broadly based and now not expected to reach the top of the 2 to 3% range until late 2027, three quarters later than forecast.
News FeedForeign currency positions earned CHF 43.3 billion, with exchange-rate gains of CHF 29.8 billion and equity gains offsetting bond losses; gold added CHF 1.2 billion.
DollarFinal annual survey data put equity at $15.2 trillion, up from $12.1 trillion a year earlier; the Cayman Islands, the UK, Canada and Japan top the country list.
EuroThe ECB's latest round of talks with firms found subdued consumer spending, falling headcounts in manufacturing and investment driven by software, data centres and defence.
SterlingThe annual balance of payments review puts the 2025 deficit at £91.6 billion, the second largest in the G7, with the net international liability position rising to £60.7 billion.
YenThe full text of the October Outlook Report, released on 2 November, traces business-to-business price rises into consumer goods and expects durable goods inflation to accelerate toward end-2026.
EmergingRBI data show imports of services at $20.1 billion, up 12.6%, leaving a surplus of about $19.2 billion for the month; July to September figures are provisional.
PolicyIn her Senate statement before this week's board meeting, the governor said upside risks have materialised after 100 basis points of increases this year, and asked whether tightening so far is enough.
AnalysisPhilip R. Lane's 30 October speech puts digital investment at 3.3% of GDP and AI-exposed goods at 3.4% of the HICP, limiting the inflation effect of the AI boom.