CNBC Daily Open: Hike, hold, hike

An editorial montage of the Japan flag and Japanese yen cash bank notes.Javier Ghersi | Moment | Getty ImagesHello, this is Leonie Kidd coming to you from London. Welcome to another edition of CNBC's Daily Open.This week, the "hikes" have it. Only one of three central banks opted to hold rates in the face of increasingly untamed inflation.The moves have triggered a volatile trading week for global stocks, but attention now turns back to geopolitics, as world leaders head to the United Nations General Assembly, and President Donald Trump hosts Chinese President Xi Jinping for a much-anticipated state visit. Read on for more.What you need to know todayThe Bank of Japan voted to quicken the pace of its hiking cycle, raising rates by 25 basis points to a 31-year high. The decision was widely expected due to the country's rising inflation and historically weak yen. The U.S. administration has also pressured Japan to continue raising rates, with Treasury Secretary Scott Bessent telling BOJ Governor Kazuo Ueda to take "decisive market and monetary steps" at the G20 finance ministers and central bank governors meeting earlier this month.The move follows a big week for the Federal Reserve, ...