Bloomberg Surveillance

South Africa’s central bank appointed Franz Ruch as an adviser to its governors and the seventh member of its monetary policy committee, with immediate effect.

The European Central Bank asked the region’s leaders to start choosing a successor to Isabel Schnabel, initiating a likely package deal over jobs including that of Christine Lagarde.

Motorists abandoned their cars and marched through central Ulaanbaatar to protest Mongolia’s worsening fuel shortage, as hours-long lines at filling stations add to public anger over rising prices.

Switzerland’s inflation rate rose to the highest level in two years as stronger oil prices and a weaker franc fanned price pressures that still appear feeble compared to the rest of Europe.

India’s strong economic growth faces risks from geopolitical tensions, volatile oil prices and disruptions to global trade and supply chains, the Finance Ministry warned.

Bank of England Governor Andrew Bailey warned that the UK needs to be prepared for financial market shocks triggered by a potential correction after the artificial intelligence boom.

The housing rally in South Korea’s capital set a record for consecutive weekly gains, underscoring the limits of President Lee Jae Myung’s ability to bring housing costs under control with tighter mortgage restrictions and pledges to boost supply.

China is mulling additional fiscal policies to reach its growth target for 2026, according to the country’s finance minister, as the world’s No. 2 economy contends with a slowdown.

Britain’s Labour government is falling behind on its ambition to borrow more money from regular savers, potentially raising the amount it needs to raise from gilt markets.

France’s government unveiled plans to narrow the budget deficit sharply, kicking off a debate that risks toppling the prime minister and stoking investor concern over the country’s debts.

The Bank of Japan affirmed that its policy focus has shifted to preventing inflation from overshooting its target but didn’t offer hints signaling growing support for a move this month in a summary of opinions from last month’s policy meeting.

Confidence among Japan’s largest firms remains elevated with sentiment among manufacturers rising to the highest level in more than eight years, a result that suggests the Bank of Japan can continue raising interest rates without buckling corporate optimism.

Saudi Arabia increased its projected budget deficit for the year, and said its economy will probably contract, as it steps up spending to mitigate the fallout from the ongoing regional war.

Colombia unexpectedly raised interest rates to the highest level since 2024 as the central bank seeks to restore credibility after years of missing its inflation target.

Christine Lagarde said she might cut her term as European Central Bank president short before its official end in October 2027.

The Federal Reserve’s internal watchdog found no evidence of criminal wrongdoing in the central bank’s renovation of its Washington headquarters, a $2.4 billion project that became a flashpoint between the Fed and the Trump administration as the president pushed for lower interest rates last year.

Stablecoins could complicate the transmission of monetary policy, one of the Swiss National Bank’s three interest rate-setters said, calling for a regulation that safeguards the influence of policymakers.

The next few months will help the European Central Bank gauge the extent of the energy shock and determine how high to take interest rates, according to Executive Board member Isabel Schnabel.

Eggs are cheap — and are set to stay that way — as the US’s top producer struggles to soak up months of oversupply amid muted bird flu outbreaks.

India’s Prime Minister Narendra Modi and US President Donald Trump discussed cooperation on defense, trade, energy, and critical technologies in their first phone call since June, according to a statement by the Indian government.