Russia Interest Rate Decision in line with expectations (18%)

Jul 25, 2025

EUR/GBP: Less dovish ECB helps EUR/GBP – ING

A less dovish ECB has sent EUR/GBP close to 0.87. Some more optimism from the German Ifo today could send EUR/GBP back to the 0.8735 high seen in April, ING's FX analyst Chris Turner notes.

JPY: Signs of easing inflation – Commerzbank

The inflation rate for the Greater Tokyo Area fell back below 3% in July, remaining below the expectations of most analysts surveyed by Bloomberg. The situation regarding rice prices appears to be easing somewhat.