The big picture
The Bank of Japan's decision to keep its policy rate at 1% while cutting monthly JGB purchases to ¥2.5trn from ¥2.7trn marks a shift toward quantitative tightening even as it delays rate increases. Japan's services producer price index rose 3.7% year-on-year in August, with ocean freight transportation up 74.2%, a price pressure that the BOJ's own minutes flag as a reason the pace of hikes could be faster than the roughly six-month intervals the market prices. The RBI's net liquidity absorption of ₹−311,826 crore on September 25 and Nepal's month-long deposit auction both show Asian central banks draining cash to manage liquidity, but India's operation leaves banks dependent on the standing deposit facility rather than the interbank market, while Nepal's auction tightens lending capacity by counting toward the Liquidity Ratio but not the Cash Reserve Ratio.
On the watchlist
- October 5: Japan's Ministry of Finance auctions short-dated borrowing for the Local Allocation Tax and Transfer Tax Grants, with settlement on October 16 and lump-sum repayment the following April.
- October 26: The Federal Register comment deadline on Qualified Opportunity Fund reporting rules, extended from October 16, gives fund sponsors ten extra days to shape certification and decertification procedures.
- The Bank of Japan's next policy meeting: watch whether the uncollateralized overnight call rate target moves to 1.25%, the level dissenter Takata proposed, or stays at 1%.
- The RBI's next liquidity operation: watch whether net liquidity outstanding including today's operations moves further negative from ₹−460,705.24 crore or reverses as the standing deposit facility absorption at ₹218,132 crore changes.
- Mongolia's third-quarter 2026 CPI release will matter if inflation lands at the pace the Bank of Mongolia's survey projects rather than undershooting toward the central bank's slightly lower end-of-2026 forecast.
What moved
Decisions & policy
Data
China's industrial enterprise profits above designated size rose 15.7% in January-August 2026 — NBS China
Transfers of funds from abroad in favour of natural persons (on a gross basis) — National Bank of Moldova 2026-09-22
Issuance & auctions
Regulation & supervision
NBM Executive Committee draft decision "On approval of the Instruction on uniform formats and forms for notifications of the impossibility of contractual recognition of write-down and conversion powers" (deadline for submitting recommendations and proposals - 12.10.2026) — National Bank of Moldova 2026-09-25
Speeches & research
The week ahead
2026-10-05 JGB: Auction schedule for borrowings of the Special Account for Local Allocation Tax and Transfer Tax Grants (published September 28, Reiwa 8) — Ministry of Finance (Japan)
In brief
Healey pledges "new age of industrialisation" as Government backs British shipbuilding — HM Treasury (United Kingdom) 2026-09-28
General data, savings and loan associations, aggregated by system — National Bank of Moldova 2026-09-24
World Tourism Day. Figures and facts — National Statistical Committee (Kyrgyzstan)
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29.09.2026 Inland waterway transport June 2026, 2nd quarter 2026 — Statistics Austria
29.09.2026 Regional agricultural accounts by federal province 2025 — Statistics Austria
Migrant Profile Result of Socio-Economics National Survey 2025 — Statistics Indonesia (BPS) 2026-09-28
Bank of Mongolia's international cooperation — Bank of Mongolia
Information on securities accepted as collateral for Bank of Russia loans as of 28.09.2026 — CBR 2026-09-27
Saudi Arabia's General Authority for Statistics hosts the 51st meeting of the Board of Trustees of the Arab Institute for Training and Statistical Research — General Authority for Statistics (Saudi Arabia)
Tender Notice for the National Supply of Miscellaneous Items to the Bank of the Republic of Burundi — Bank of the Republic of Burundi
Banking Studies Centre organises certified board member course — Central Bank of Iraq
Banking Studies Centre holds course on banking work fundamentals — Central Bank of Iraq
Extension of the deadline for publishing half-yearly financial information – EGH Chaine El Aurassi SPA — Commission d'Organisation et de Surveillance des Opérations de Bourse (Algeria) 2026-09-27
Orange Tropical Cyclone POLO-26 in Mexico from: 21 Sep 2026 to: 26 Sep 2026 . — GDACS (UN/EU Global Disaster Alert and Coordination System) 2026-09-21
Orange Tropical Cyclone POLO-26 in Mexico from: 21 Sep 2026 to: 27 Sep 2026 — GDACS (UN/EU Global Disaster Alert and Coordination System) 2026-09-21
Services Guide — General Authority for Statistics (Saudi Arabia)
ILO and UNHCR strengthen partnership to advance decent work for refugees and host communities in Ethiopia — International Labour Organization
Other: Recruitment of fixed-term staff (International Bureau, Research Division, Investment Planning and Examination Office) — Ministry of Finance (Japan)
NBM launches commemorative coin "35 years since the founding of the Academy of Economic Studies of Moldova" — National Bank of Moldova 2026-09-25
BNM First Deputy Governor Petru Rotaru presented the coin dedicated to ASEM at the institution's anniversary event — National Bank of Moldova 2026-09-25
Management and staff of the State Statistical Committee visited Victory Park in Baku — State Statistical Committee (Azerbaijan)