Glassnode data shows that miner selling pressure decreased after the halving event.
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Kazuo Ueda stated that the underlying price trend is steadily approaching the 2% policy target. With both corporate wage increases and pricing behaviors becoming more positive, there is a risk that the inflation rate may exceed the target. He mentioned that there is no predetermined idea on the specific pace of rate hikes; policy decisions will be made after thorough discussions at each meeting, taking into account the timing and pace of any policy adjustments.
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Middle East conflict pushes up inflation, ECB may "stand pat" until final rate hike in December
Due to rising oil and gas prices driven by Middle East conflicts and heightened inflation expectations, the European Central Bank may implement its final rate hike of this cycle in December.
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