The Bank of Korea is expected to hold the rates steady. Meanwhile, data highlights include Chinese industrial profits, Tokyo inflation, Korean and Taiwanese industrial production and Indian GDP
Although September retail sales growth fell short of expectations due to weak food sales, the sector still performed strongly thanks to robust durable goods demand. When combined with solid industrial production and construction data, along with anticipated strength in services, this supports our projection of 4%YoY growth for 3Q25
The RBI has held its repo rate steady at 5.5% as it balances growth and currency risks. It has sharply cut its inflation forecast, but it's cautious about INR weakness. A rate cut in December is a distinct possibility, especially if India can’t improve tariff terms with the US
Despite political uncertainty, business sentiment in France was steady in September. However, deeper cracks are emerging
Italy’s primary balance for 2024 proved to be better than expected, mitigating the increase in the public-debt ratio.
