Other news

Major natural gas producers opposed Australia's plan to cap domestic prices. The companies explained that the policy could lead to a supply shortage due to the reduction of new investments.

According to the ECB, eurozone banks need to repay loans from the European Central Bank earlier.

The U.S. Department of Agriculture raised its forecast for global wheat trade. This adjustment was made particularly because of increased exports from the Black Sea region. Last month's agreement extension for safe passage has reduced the recent price increase.

The worsening of UK economic forecasts will make the BOE’s management the most divided in its entire history. The reason for the contention was the level of increase in interest rates. In the future, the bank expects a four-way division.

China is waiting for the U.S. delegation to arrive next week in order to set a stage for Antony Blinken, U.S. Secretary of State. His visit is scheduled for January-February 2023, as reported by the U.S. State Department.

Masayoshi Amamiya and Hiroshi Nakaso, current and former deputy governors of the Bank of Japan, respectively, are considered as possible contenders for the post of the next head of the central bank in April 2023.

Investors are showing more signs of worries. Over the past two weeks, option bets on selloff bonds in Germany have tripled.

As said by Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman, it’s still unclear what impact European sanctions and the Russian oil price cap have had on the economy.

The world's biggest central banks will end their most aggressive year of interest rate hikes this week. However, their fight against inflation is not over yet.

According to information provided by the Nikkei daily, the Bank of Japan’s board member Hajime Takata thinks that the Japanese economy hasn’t yet reached a phase when it’s possible to end yield curve control (YCC).