The Central Bank of Hungary kept the overnight deposit rate unchanged at 14.00%.

Japan’s Chief Cabinet Secretary Matsuno Hiroshi: We are paying close attention to foreign exchange fluctuations with a high degree of urgency.

Chief Cabinet Secretary Matsuno Hiroshi: If necessary, foreign exchange fluctuations will be appropriately dealt with and no options will be ruled out.

Japan’s Chief Cabinet Secretary Matsuno Hiroshi: Large fluctuations in exchange rates are undesirable.

Gazprom: Gas shipments to Europe continue via Ukraine, with 42.3 million cubic meters delivered on Wednesday.

Chairman of Pakistan Gas Ports Alliance: Pakistan has the potential to grow LNG demand to 30 million tons per year.

Market news: The Central Bank of Russia will speed up mirror operations in the foreign exchange market and will sell 150 billion rubles worth of foreign exchange from September 14th to 22nd.

International Monetary Fund: It is recommended that South Korea maintain its current monetary and fiscal policies.

ECB Governing Council Member Villeroy: In our fight against inflation, maintaining interest rates long enough is more important than raising them significantly further.

European Central Bank Governing Council member Villeroy reiterated that interest rates are close or very close to their peak.

ECB Governing Council Villeroy reiterated that options are open at the next and upcoming rate meeting.

European Central Bank Governing Council Villeroy: core inflation has peaked in April.

European Central Bank Governing Council Villeroy: At the beginning of 2023, headline inflation has already peaked.

ECB Governing Council member Villeroy: Addressing inflation remains our top priority.

ECB Governing Council member Villeroy: Recent fluctuations in gasoline prices may affect the monthly rhythm of inflation, but this does not change the underlying deflationary trend.

ECB Governing Council Villeroy: We must bring inflation down to 2% by 2025.

ECB Governing Council Member Villeroy: We have achieved initial success in fighting inflation, but we need to persist.

ECB Governing Council Villeroy: Bank of France will raise GDP forecast for 2023.

ECB Governing Council Member Villeroy: It may even slightly increase our expectations for France’s 2023 growth forecast.

EUR/USD edged down 10 pips to trade at 1.0728 following the release of German manufacturing orders data for July.