Sweden's central bank, the Riksbank, maintained its key policy rate at 2.00% as expected but indicated the possibility of a further rate cut later in 2025 amid ongoing economic uncertainties and rising inflation. Concurrently, the Swedish government raised its 2026 GDP growth forecast to 3.0%, up from the previous 2.6% projection in June, attributing the revision to reduced uncertainty over US tariffs and an anticipated increase in household consumption. However, Sweden's unemployment rate increased to 8.9% in July, surpassing expectations of 8.6% and the prior 8.3% figure. In the United States, former Federal Reserve Bank of St. Louis President James Bullard, a candidate for the next Fed chair, stated that interest rates are currently high and suggested the Federal Reserve could cut rates by 100 basis points into 2026. Bullard also confirmed discussions with Fed official Bessent regarding the Fed chair position. Meanwhile, Federal Reserve official Raphael Bostic indicated that the Fed is considering one rate cut in 2025 but noted that the outlook remains uncertain and emphasized the importance of monitoring labor market trends. Bostic expects monetary policy to approach a neutral stance by 2026. In New Zealand, retail sales excluding inflation rose unexpectedly by 0.5% quarter-on-quarter in Q2 2025, outperforming the forecasted decline of 0.3%, signaling that lower interest rates are supporting household spending and aiding economic recovery. Japan's economic indicators showed slight declines with the final June leading index falling to 105.6 from 106.1 and the coincident index dipping marginally to 116.7 from 116.8. Singapore's consumer price index (CPI) decreased by 0.5% month-over-month in the latest data, exceeding the forecasted 0.3% decline.