Bank of England rate-setter Alan Taylor played down the need for interest-rate hikes to tackle the energy crunch, saying there is not evidence yet that higher inflation is spreading widely across the UK economy.
France is planning to sell a record amount of bonds in 2027 as the government seeks to fund a wide budget deficit and replace a large chunk of maturing debt.
Federal Reserve Vice Chair for Supervision Michelle Bowman warned banks on Tuesday to buffer their systems against artificial intelligence threats while emphasizing the technology can benefit lenders.
US job openings fell in August to a five-month low, suggesting employers grew more cautious about expanding their workforces toward the end of the summer, while layoffs remained subdued.
Mexico’s central bank can chart a monetary policy course independent of the Federal Reserve because the local economy is navigating different conditions than in the US, Governor Victoria Rodríguez said in an interview.
Spain’s contender to succeed European Central Bank President Christine Lagarde next year is set to get serious backing from other euro-area countries, according to Governor José Luis Escrivá.
China announced several steps to encourage banks to lend to targeted sectors including infrastructure and technology, in an attempt to juice growth after a monthslong slowdown in the economy.
The UK government paid the highest yield since 1999 at an auction of 10-year debt, with investors demanding additional premiums to compensate for persistent inflation and the prospect of spending increases in next month’s budget.
Russia is preparing to pour more money into its war on Ukraine, boosting planned military spending next year by more than a quarter as the costs of the intensifying conflict mount and both sides strike deeper into each other’s territory.
Spanish inflation accelerated more than anticipated and further beyond the European Central Bank’s 2% target, reinforcing the case for interest rates to be lifted further.
The abrupt end to trade talks between the US and Canada in August led to a sharp escalation in tensions between the two countries. It even prompted President Donald Trump to order Lake Ontario’s name be changed on US maps to “Lake America.”
Indonesia’s parliament approved a 2027 state budget targeting 6% economic growth, the fastest pace in more than a decade, as President Prabowo Subianto seeks to accelerate the economy while keeping the fiscal deficit within legal limits.
