ECB Governing Council member Hernandez Decos: It’s too early to discuss interest rate cuts.

Market news: India postpones the Rajasthan election from November 23 to November 25.

ECB Governing Council member Hernandez Decos: Supports the gradual development of quantitative tightening in a predictable manner.

According to NBC News: US President Biden will meet with Jewish leaders and deliver a speech.

ECB Governing Council member Hernandez Decos: The flexibility of the emergency anti-epidemic bond purchase program is the first line of defense, and the Transmission Protection Instrument (TPI) is the second line of defense.

ECB Governing Council member Hernandez Decos: The reduction in the balance sheet is very significant.

ECB Governing Council member Hernandez Decos: An important part of the transmission is still to come.

ECB Governing Council member Hernandez Decos: Monetary policy transmission is powerful.

Sources: The Indian government may extend export duties on parboiled rice until March 2024.

ECB Governing Council member Hernandez Decos: Inflation risks are now more balanced.

ECB Governing Council member Hernandez Decos: The trend of core inflation has turned around.

Velarde, Governor of the Central Bank of Peru: Food prices are affected by the El Niño phenomenon.

ECB Governing Council member Hernandez Decos: Risks to economic growth are biased to the downside.

ECB Governing Council member Hernandez Decos: Negative GDP data is likely in the third quarter.

ECB Governing Council member Hernandez Decos: We don’t want to pre-commit ourselves to the future path of interest rates.

ECB Governing Council member Hernandez Decos: The market understood our communication very clearly.

ECB Governing Council member Hernandez Decos: If interest rates are maintained long enough, the target can be achieved.

ECB Governing Council member Hernandez Decos: I am more confident that the trajectory of inflation may lead us to reach our target.

Market news: India is considering extending restrictions on semi-cooked rice before important elections. The Indian government is considering extending the 20% export tax on semi-cooked rice, which will expire on October 15.

The MBA Mortgage Purchase Index in the United States for the week ending October 6 was 137.5, from the previous value of 136.6.