Inflation in Peru’s capital accelerated to the fastest pace in three years in September, remaining stubbornly outside the target range and boosting pressure on the central bank.
Bank of England interest rate-setter Catherine Mann said a hike is needed to manage inflationary risks as financial conditions are still not tight enough.
Applications for US unemployment benefits edged down to the lowest level since July, while continuing claims dropped to a three-year low, indicating healthy labor-market conditions.
Brazil’s main steel association warned that imports still pose a threat, even with inbound shipments poised to fall 15% this year after anti-dumping measures against China.
Belgium’s five government parties are negotiating “in good faith” to reach a budget agreement, Deputy Prime Minister David Clarinval has said, as the country races to reach a deal before a mid-October deadline.
Chile’s economic activity unexpectedly fell in August as lingering effects from winter storms caused mining output to plunge, extending a slump that is dogging President José Antonio Kast’s administration.
Federal Reserve Bank of Minneapolis President Neel Kashkari said he doesn’t know how high interest rates will have to go to cool prices, adding it’s the central bank’s job to tame inflation after five years of supply shocks.
France’s fiscal watchdog warned that the economic assumptions enshrined in the 2027 draft budget are “optimistic,” raising risks for plans to reduce a bloated deficit.
Russia plans increased military spending for at least three years forcing the government to scour everything from mining windfalls to proceeds from the sale of seized assets for revenue as the war on Ukraine continues to reshape the country’s finances.
France’s government unveiled plans to sharply narrow the budget deficit by restraining spending and raising tax revenues, kicking off a debate that risks toppling the prime minister and stoking investor concern over the country’s debt.
Britain’s population rose at the slowest pace in almost three decades, when excluding the pandemic, as net migration tumbled and births barely exceeded deaths.
Greece’s government expects its economy to expand by 2% this year and then slightly faster than that in 2027, according to people familiar with the matter.
Pakistan’s inflation remained elevated in September as the Middle East conflict kept energy costs high and disrupted supplies from the Gulf, complicating the outlook for the central bank.
Japanese Prime Minister Sanae Takaichi’s government plans to hammer out the detailed costs associated with the first five years of its $2.3 trillion, 14-year investment initiative, a first step toward clearing up uncertainty surrounding the sweeping program.
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.