According to Jinshi, 1. Russian Central Bank Governor Nabiullina said that forced foreign exchange sales to exporters would help stabilize the ruble. 2. According to a Reuters survey, the UK economy is expected to grow by 0.4% in 2024 and 1.2% in 2025 (0.4% and 1.4% respectively in the October survey). 3. Data shows that Turkey's foreign exchange protection deposits hit a record high outflow of 86.2 billion liras. 4. Central Bank of Turkey: As of November 3, the total foreign exchange reserves of the Central Bank of Turkey were US$83.94 billion, an increase from US$82.41 billion a week ago. 5. Brazilian Ministry of Finance: The Brazilian government is preparing to impose a minimum tax rate of 15% on the profits of multinational companies. 6. Market news: Thailand has ruled out the option of imposing a short-selling ban. 7. South Korea's fiscal deficit exceeded 70 trillion won, exceeding the government's full-year expectations. 8. Federal Reserve-Powell: Further interest rate hikes will be made if necessary; will act cautiously; future inflation progress is more likely to come from monetary policy rather than the supply side. O'Neill Pace, acting president of the Federal Reserve Bank of St. Louis: I don't want to rule out the possibility of further rate hikes if necessary. I will pay attention to economic performance, long-term bond yields and consider the impact on policy. Barkin: Inflation has made real progress. Whether further rate hikes are needed remains to be seen. The scale of overnight reverse repurchases has fallen below $1 trillion for the first time in two years. Bostic: The policy may be restrictive enough. 9. The Federal Reserve Fedwire had a "service problem" for a while, but it has now been restored. 10. The Central Bank of Peru lowered its benchmark interest rate to 7.00%, from 7.25% previously. 11. South Korea will allow importers and exporters to obtain real-time foreign exchange quotes.
