Poland’s prime minister signed off on appointments to the central bank’s management board, effectively ending a months-long standoff that threatened to cripple the institution’s day-to-day operations.
European Central Bank officials’ remarks suggest they assume euro-area inflation will drop “materially below” 2% in a year’s time, according to Bloomberg Economics.
Hong Kong’s economy unexpectedly grew at a faster rate last quarter, taking expansion in the first nine months to the quickest in five years thanks to a surge in exports and improved investment.
An unexpected pickup in Turkish inflation in October is unlikely to deter the central bank from another interest-rate cut before the end of the year, according to economists.
With UK inflation heading toward 4% and no end to the Iran war in sight, a Bank of England interest-rate hike on Thursday is seen as all but a done deal. How many more Governor Andrew Bailey and his colleagues deliver is where economists and investors sharply diverge.
Australia’s central bank Governor Michele Bullock signaled a wait-and-see approach to further tightening after policymakers lifted the benchmark rate to an 18-year high, in a split vote that sent the currency lower.
Pakistan’s soaring stock market, record foreign reserves and improving credit ratings are signaling an economy on the mend. Beneath the surface, the recovery remains far less convincing.
A powerful warming of Pacific waters this year — a cyclical phenomenon known as El Niño — could push US prices higher and boost employment next year, according to a new economic letter from the Federal Reserve Bank of San Francisco.
The US announced plans to revoke South Africa and Rwanda’s access to a duty-free trade pact, intensifying pressure on two African nations whose relations with Washington have become increasingly fraught.
White House National Economic Council Director Kevin Hassett dismissed concerns about financing of the artificial intelligence build-out, saying there is plenty of capital in the system for such funding.
South African central bank Governor Lesetja Kganyago said the country needs to effectively implement microeconomic reforms before it will see faster growth.
France’s politicians need to “get on and fix” the problems facing their economy, Irish central-bank Governor Gabriel Makhlouf said, ruling out immediate intervention by the European Central Bank to shore up the country’s debt.
