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Inflation in the Czech Republic rose to 2.8% year-on-year last month, up from 2.6% in the previous month, according to the Czech Statistics Office. This increase aligns with both the median estimate from analysts and the central bank's forecast, prompting discussions on pausing interest-rate cuts.
China's trade surplus is poised to reach nearly $1 trillion this year, intensifying tensions with major global economies. In the first 10 months, the goods trade surplus hit a record $785 billion, marking a 16% increase from 2023, according to data released last week.
Colombia's consumer prices unexpectedly fell by 0.13% in October, marking the first decline in over three years and surprising analysts who had predicted a 0.16% increase. This development strengthens President Gustavo Petro's case for implementing deeper interest rate cuts.
Chile's consumer prices surged 1% in October, exceeding all forecasts and marking the fastest increase since March of the previous year. This rise, driven by a significant jump in electricity costs, pushed annual inflation to 4.7%, complicating the outlook for potential interest rate cuts amid stagnant growth.
Donald Trump's election victory has triggered a significant selloff in renewable energy stocks, resulting in a $1.3 billion gain for short sellers betting against the clean energy sector. The sharp decline in major renewables stocks reflects the market's reaction to the Republican Party's electoral success.
Turkey's central bank has revised its inflation forecasts, now predicting a year-end rate of 44% for 2023 and 21% for 2025, up from previous estimates of 38% and 14%. This adjustment aligns more closely with market expectations as price gains have consistently exceeded estimates. Economists anticipate a decline in inflation to 44.2% by December and 23% a year later, according to a Bloomberg survey. [Bloomberg](https://www.bloomberg.com)
Malaysia's ringgit, the only emerging Asian currency to appreciate against the dollar this year, faces challenges due to potential tariff increases following Donald Trump's election win. The currency has already weakened, hitting its lowest point since August, as fears of a stronger dollar and higher tariffs loom. With the US being Malaysia's third-largest export market, accounting for 11% of exports, the ringgit is vulnerable to further depreciation.
Peru's central bank has reduced its benchmark interest rate to 5% from 5.25%, following a decline in core inflation for the fourth consecutive month. This decision aligns with the forecasts of six out of eleven analysts surveyed, while the remaining five anticipated the rate would remain unchanged.
The Federal Open Market Committee unanimously decided to cut the benchmark interest rate by 25 basis points, bringing it to a target range of 4.5%-4.75%. The statement reflects a shift in language, noting that while labor market conditions have eased and the unemployment rate has increased, it remains low. Additionally, inflation is acknowledged to have made progress toward the 2% target but is still somewhat elevated, with risks to employment and inflation goals deemed roughly balanced. For Bloomberg's TOPLive blog on the Fed decision and press conference, click [here](https://www.bloomberg.com).
Czech policymakers have implemented an eighth consecutive interest-rate cut, reducing the benchmark rate by 25 basis points to 4%. This decision reflects weak economic growth overshadowing inflation concerns, with total cuts over the past year reaching 3 percentage points. The move aligns with the majority of economists' forecasts in a Bloomberg survey.
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Czech inflation rises prompting central bank to reconsider interest rate cuts
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turkey adjusts inflation forecasts amid rising price pressures
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peru central bank cuts key interest rate to five percent
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