Will the BOC surprise with a rate hike?
The Bank of Canada will release the interest rate on October 24 at 17:00 MT time.
Japanese factory output rebounds in October
Japanese factory output is supposed to have rebounded in October. During the same period consumer inflation managed to grow. That’s what market participants learnt from a Reuters survey on Friday. It definitely provided positive signs for the Japanese economy in the beginning of the fourth quarter.
Industrial output tacked on 1.9% versus September’s dip of 1%, according to the median estimate of 19 market experts.
With exports obtaining a boost from firm global demand, industrial output will probably keep recovering, as financial analysts stress.
Additionally, in October, the core consumer price index, excluding the volatile prices of fresh food, but including energy costs, ascended 0.8% year-on-year, versus September’s 0.7% rally, as the survey unveiled.
It would mark the 10th straight month of surge in the government's major gauge of inflation, although it’s still at less than half of the BOJ’s 2% objective.
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