Taiwan's central bank maintained its discount rate at 2 percent, secured lending rate at 2.375 percent, and short-term accommodation rate at 4.25 percent. It simultaneously raised its 2024 GDP growth projection to 9.45 percent from 7.28 percent. Separate lower-quality reports address Bank of England and Federal Reserve actions.
Taipei Times and New York Post reported that Kevin Warsh chaired his first FOMC meeting on Wednesday, leaving interest rates unchanged and omitting forward guidance. Multiple claims about Warsh's role and statements by Robert Kaplan remain unverified. Analyses from progressive, conservative, and libertarian perspectives interpret the reported changes differently while a counter-analysis questions the underlying factual premise.
US Defense Secretary Pete Hegseth addressed NATO ministers in Brussels regarding allied defense budgets, citing progress toward higher spending targets. Europe and Canada are projected to increase defense outlays by $90 billion in 2025, a nearly 20 percent rise from 2024. A claim that only three countries are on track to meet targets remains disputed within the same reporting.
Andy Burnham secured victory in the Makerfield parliamentary by-election on Thursday, receiving nearly 55 percent of 45,510 votes cast. The result grants the Greater Manchester mayor eligibility to challenge Keir Starmer for Labour leadership. Sources consist solely of left-center outlets.
Taipei Timesflares, finger was still on the trigger
US-Iran talks scheduled in Switzerland were called off on June 19, 2026, after Iranian officials did not travel [The Hindu]. Intense fighting between Israel and Hezbollah in southern Lebanon concluded with a ceasefire mediated by Qatar, the US, and Iran [The Hindu]. Israel reported striking over 80 Hezbollah targets and killing dozens of fighters, while Lebanese authorities reported 18 deaths and Israel reported four troops killed [Taipei Times].