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.
