Brazil’s National Construction Cost Index rose 0.30 percent in September, the IBGE reported Thursday, a mild print that keeps building-cost pressure off the inflation picture the day before the IPCA came in hot at 0.82 percent. The figure is single-sourced to the agency’s own release.
Japan’s Ministry of Finance sold three-month Treasury Discount Bills on October 9 at a yield of 1.2799 percent at the lowest accepted price, with a weighted average of 1.2738 percent, on bids of 11.58 trillion yen for 2.53 trillion accepted. The auction keeps Japan’s short end firmly positive ahead of the Bank of Japan’s October 29-30 meeting, where markets still watch for the next hike beyond the 1.25 percent policy rate. The BoJ also published an amendment to its prices of eligible collateral on October 9, routine plumbing for its lending operations with no market signal attached.
The IMF argued that targeted support, not broad subsidies, best protects households when inflation surges, in a blog relayed by Premium Times on October 9. The advice is aimed at governments leaning on fuel subsidies, including Kenya’s, as energy prices rise on Middle East tensions.
Looking ahead, Bank of Canada Governor Tiff Macklem holds a fireside chat on October 14, his last public outing before the October 28 decision that markets just repriced after the weak September jobs data. India’s September CPI lands Monday October 12 or Tuesday October 13 alongside the RBI’s Rs 25,000 crore OMO sale. France’s National Assembly budget debate starts October 13 with the formal vote October 20, the next hard test for the OAT-Bund spread above 150 basis points.