BoJ's Ueda: Neutral rate uncertainty keeps BoJ guessing how far to tighten.BoJ Governor Kazuo Ueda told lawmakers today that Japan's neutral interest rate remains highly uncertain, describing it as a concept that can only be estimated within a “quite wide range.” He noted that the central bank is attempting to narrow that range and may disclose updated estimates once confidence improves.
Turkey extended Russia gas contracts by a year, eying U.S. gas investment.Turkey finalised a one-year extension of its expiring gas import contracts with Russia that total 22 bcm, and is considering investing in U.S. gas production, Turkey's energy minister said.
Exclusive: India central bank to tolerate weaker rupee as inflows dry up, sources say.India's central bank will tolerate a weaker rupee as the country's external sector confronts multiple headwinds including a wider trade gap and stalling of dollar inflows into the world's fifth-largest economy, three sources familiar with the central bank's thinking told Reuters.
India's largest private lender sees rupee falling to 92 in absence of quick US trade deal.Uncertainty over the timing of the U.S.–India trade deal is fuelling rupee volatility and the absence of a quick agreement could push the currency to as low as 92 per dollar, the head of treasury at HDFC Bank said.