Colombia’s new government is opening talks with the International Monetary Fund as it grapples with a fiscal crisis that officials have described as the worst in the nation’s history.
The South African Reserve Bank expects inflation will cool sharply and return to its 3% target by the end of next year, Governor Lesetja Kganyago said.
John Healey set out an optimistic vision of Britain during a speech on Monday, with more jobs, bigger industries and a world-class AI sector. Still, the Chancellor of the Exchequer was careful to warn his Labour Party colleagues that none of this would be possible without a tight rein on the public finances.
Key economic reports due this week are expected to add further evidence that the US economy is strengthening, bolstering arguments from several Federal Reserve officials that interest rates should be higher.
Britain’s economic inactivity crisis was less severe than initially thought, according to new estimates that rewrite the recent history of the labor market.
JPMorgan Chase & Co. expects Thailand’s central bank to raise interest rates three times next year, a sharp break with consensus that would unwind some of the world’s most accommodative monetary policy.
South Africa and Zimbabwe are discussing a $500 million dam project to supply water to an industrial hub near their border, according to documents seen by Bloomberg.
Any expansion of Japan’s defense spending will likely be spread over many years and shouldn’t become a source of significant market anxiety in any single year, according to a member of a panel that advises Prime Minister Sanae Takaichi.
The Bank of Japan could raise its benchmark rate for a second straight month when the board meets in October, earlier than many economists expect, according to a former executive director in charge of monetary policy.
Australia’s central bank is poised to resume raising interest rates on Tuesday as policymakers lose patience with persistently strong inflation, with debate mounting over whether a follow-up hike will be needed.
As Britain’s governing Labour Party gathers in Liverpool for its annual conference, one notable figure is trying to maintain a low profile: Chancellor of the Exchequer John Healey.
Treasury Secretary Scott Bessent said Federal Reserve policymakers should keep an “open mind” on interest rates, arguing that productivity gains from artificial intelligence and deregulation will help keep US inflation in check.
Zambia expects its economy to expand by 6% next year, the fastest pace since 2021, with copper output in Africa’s second-biggest producer of the metal set to surpass 1 million tons, the finance ministry said.
Australian Treasurer Jim Chalmers announced a narrower budget deficit last fiscal year against a backdrop of global volatility and an energy shock, saying the country now has one of the strongest budget positions among Group of 20 nations.
South Korea’s excess tax revenue may exceed 50 trillion won ($37 billion) this year, according to a Yonhap News report, reflecting factors including a stronger-than-expected semiconductor cycle.