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.
Australia’s central bank resumed raising interest rates on Tuesday, judging it couldn’t wait any longer to respond to resilient domestic demand compounded by escalating energy costs that threaten to intensify inflationary pressures.
Poland has no room to increase public spending ahead of next year’s election, Finance Minister Andrzej Domanski said, describing fiscal policy as a challenge for the government.
Weakness in the yen remains an ongoing concern, and Japan and the US will stay in close contact as they seek to maintain an orderly currency market, Finance Minister Satsuki Katayama said.
The New Zealand government will contest November’s election with a slightly less gloomy set of books as a recovering economy and higher inflation boost revenue and narrow the nation’s budget deficit.
Britain is wasting an opportunity to invest billions of pounds in infrastructure by sticking to rigid national accounting rules that prevent arms-length government bodies from borrowing on their own account, the Common Wealth think tank said.
Last year, Japan was flooding its rice market with emergency stockpiles in a bid to mollify voters angered by the soaring price of its staple grain. Now, it has the opposite problem: a glut.
