The SNB expects inflation to be 2.2% in 2023 (previously expected to be 2.2%).

The Swiss National Bank expects GDP growth in 2023 to be approximately 1%.

Swiss National Bank: In the current environment, the focus is on selling foreign currencies.

Swiss National Bank: In order to provide appropriate monetary conditions, the Swiss National Bank is also willing to actively participate in the foreign exchange market when necessary.

Bangko Sentral ng Pilipinas: The inflation trend in September will still exceed the target range and will return to the target range in November.

Philippine central bank: considering raising interest rates in November.

Bangko Sentral ng Pilipinas: In the first half of 2024, I expect interest rates to be similar to where they will be at the end of this year.

Bank Indonesia intervenes in the spot and forward foreign exchange markets to stabilize the rupiah.

Bangko Sentral ng Pilipinas: The U.S. dollar is likely to be stronger next year.

Bangko Sentral ng Pilipinas: Our interest rates are close to appropriate levels.

The rupiah was basically flat after the central bank maintained its benchmark interest rate. The rupiah was at 15,370 against the US dollar, up 0.03% on the day.

Bank Indonesia: The focus of monetary policy is to stabilize the Indonesian rupiah to mitigate the spillover effects of global uncertainty.

Philippine Central Bank: Does not rule out further interest rate hikes.

Philippine central bank: No interest rate cut this year.

Bank Indonesia: Interest rate decision is consistent with inflation target.

Bank Indonesia maintained the 7-day reverse repurchase rate at 5.75%, in line with market expectations.

Philippine Central Bank: Expected average inflation rate in 2023 to be 5.8% (previous forecast was 5.6%).

Sources: Japan, the UK and Italy plan to base their advanced jet fighter program in the UK.