
Carefully assess the impact of rising energy prices due to the situation in the Middle East
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The European Central Bank is closely monitoring the rise in energy prices caused by conflicts in the Middle East. It has already raised interest rates twice this year.
[London Current Affairs] On the 29th, the European Central Bank (ECB) held its regular board meeting to discuss monetary policy in the euro area, and decided to leave policy interest rates unchanged for the first time in two meetings. The central bank deposit rate, which is one of the main policy interest rates and is applied when private banks deposit funds with the ECB, will be maintained at 2.5%. Although energy prices continue to soar due to conflicts in the Middle East, the government will carefully assess the impact on the economy of the interest rate hikes that have already been implemented twice this year.
"Although the full impact of the energy shock has not yet been felt, underlying inflation is currently stable and there are no noticeable movements in wages," the ECB said in a statement. However, he said, ``Given the magnitude and prolongation of the (energy shock), it is likely to push up the inflation rate and reduce economic growth in the future.''

The Bank of Japan decided to maintain the status quo of monetary policy, and Governor Ueda announced that it would be consistent with the 2% inflation rate target. Breaking news from Japan and abroad, including improvements in employment statistics, an agreement between the Liberal Democratic Party and the Liberal Democratic Party to establish a special committee in the House of Councilors, and the US Federal Reserve leaving interest rates unchanged.

Bank of Japan Governor Ueda stated that the underlying rate of increase in consumer prices is consistent with the 2% target, and the Bank of Japan decided to maintain the status quo of monetary policy. In addition, domestic and international news broke, including the Liberal Democratic Party and the Ritsumeikan Democratic Party agreeing to establish a special committee in the House of Councilors, and North Korea launching a ballistic missile.

The Bank of Japan has decided to maintain the status quo of monetary policy, with Governor Ueda stating that the underlying inflation rate is at a level that is broadly consistent with the 2% target. Domestically, there was a flurry of economic data announcements and political movements, and overseas there were reports of the US Federal Reserve leaving interest rates unchanged.

From October 28th to October 29th, a wide range of news was reported both domestically and internationally, including preliminary US GDP figures, a missile launch by North Korea, a train accident in Spain, and the results of the Japan Professional Baseball Series.

From October 28th to 29th, a wide variety of news was reported, including North Korean missile launches, a train crash in Spain, economic indicators and financial policy in the United States, and domestic political and business trends in Japan.

Breaking news from Japan and abroad, including the resignation of a cabinet minister due to a fire in a high-rise building in Hong Kong, North Korea's ballistic missile launch, ANA Holdings' plan to make Air Do and Solaseed Air subsidiaries, and the business merger agreement between Shiga Bank and Ikeda Senshu HD.