Kilambi News
Wednesday, October 28, 2026

Rates also notable: ECB tomorrow, Turkey trade, Korea yields

Rates Wednesday, October 28, 2026 - Updated Oct 28, 2026 07:09

The European Central Bank decides tomorrow with 70 of 73 polled economists expecting a hold at 2.50 percent and 64 expecting a December hike, Turkey's September trade deficit narrowed 25.8 percent to 5,163 million dollars, and Korean treasury yields rose across the curve ahead of the FOMC, with the three year at 3.799 percent.

Why it matters: The roundup holds tomorrow's decision pricing, the primary releases that did not merit full stories, and the explicit record of items already covered or read without figures, so nothing in the rates pool is silently dropped or silently repeated.

Data as of Pool of October 27 to 28, 2026. TurkStat and Yonhap items are single-sourced from the statistical release summaries in the feed pool: the TurkStat portal page failed to load in this run and the Yonhap article is blocked to this reader, so both are flagged in the body and the roundup's grade is held at B only for its corroborated items. The PBOC item is recorded with no figures, because the document itself was not read in this run.

ECB decision tomorrow, preview already published. The European Central Bank’s Governing Council decides on Thursday, October 29 at 14:15 CET. The Reuters poll of October 5 to 8 found 70 of 73 economists expecting the deposit rate to stay at 2.50 percent and 64 expecting a 25 basis point hike in December, with euro area inflation at 3.8 percent in September and French 10 year yields having risen above 5.1 percent on October 22. This site published the full preview on October 25; it is not duplicated. Spain’s third quarter labour data, which bears on the decision, has its own story today.

Turkey trade deficit narrows, services prices still hot. Turkey’s foreign trade deficit fell 25.8 percent year on year to 5,163 million dollars in September, as exports rose 15.3 percent to 25,967 million dollars and imports rose 5.6 percent to 31,130 million, TurkStat reported. Separately, the services producer price index rose 33.23 percent year on year in September and 0.17 percent on the month. Both items are single-sourced from the TurkStat release summaries: the portal page failed to load in this run, so no further detail is claimed.

Korean yields rise ahead of the FOMC. South Korean treasury yields rose across the curve on Wednesday ahead of the Federal Reserve’s decision, with the three year yield at 3.799 percent, Yonhap reported. The article itself is blocked to this reader, so the item is recorded from the agency’s headline only, single-sourced, and no other tenor is stated.

Latin America energy inflation at a one year high. Energy inflation across Latin America reached its highest level in a year, MercoPress reported on Wednesday. The article was blocked to this reader in this run and no figure beyond the headline claim is stated here.

India sovereign gold bond redemption price set. The Reserve Bank of India set the premature redemption price for the Sovereign Gold Bond 2020-21 Series I, due October 28, 2026, at 14,159 rupees per unit, based on the simple average of the closing price of 999 purity gold over October 23, 26 and 27 as published by the India Bullion and Jewellers Association. Read in full in this run.

PBOC third quarter lending report published, not read. The People’s Bank of China published its third quarter report on the direction of financial institution lending on October 28 in its feed. The document was not opened in this run, so it is accounted for here with no figures claimed, rather than summarised from its title.

Ghana building inflation 5.1 percent. Building inflation in Ghana increased to 5.1 percent in September 2026, while cement inflation stood at minus 6.1 percent, according to the Ghana Statistical Service data reported by MyJoyOnline. Single outlet reporting of the official release.

CFTC moves COT report to semiweekly publication. The Commodity Futures Trading Commission announced semiweekly publication of its Commitments of Traders report, a cadence change for the positioning dataset this site’s CFTC program already collects. Recorded from the commission’s announcement in the feed pool.

Already covered, not duplicated. Australia’s September CPI at 4.3 percent and the Reserve Bank of New Zealand’s surprise hold at 2.75 percent were both published as full stories on this site on October 27 (New Zealand time October 28) and are developed today only through the RBA Governor’s testimony, which has its own story. US durable goods orders, up 1.8 percent in September, and the Conference Board’s October consumer confidence index at 91.7 were covered in yesterday’s edition.

Sources

  1. ECB to hike rates again in December as inflation almost doubles 2% target: Reuters poll - Reuters - 2026-10-08
  2. Foreign Trade Statistics, September 2026 - TurkStat - 2026-10-28
  3. Premature redemption under Sovereign Gold Bond Scheme, redemption price due October 28, 2026 - Reserve Bank of India - 2026-10-27