Bloomberg Surveillance

China’s central bank shifted its key policy rate to the overnight reverse repo rate and disclosed it at 1.25% for the first time, below the previous seven-day benchmark.

Colombia’s central bank faces a tough decision on interest rates as stubborn inflation supports another hike while weak economic data argue for a pause.

Taiwan reported its fourth straight quarter of double-digit economic growth, the longest such stretch in nearly 39 years, as the AI boom increasingly spills over into stronger domestic demand.

Kenya’s inflation rate climbed more than expected in October as the Middle East conflict drove gasoline prices to a record, raising the prospect of the nation’s first interest-rate hike since 2024.

UK house prices failed to grow in October, according to one of the country’s largest mortgage lenders, as surging mortgage costs squeezed prospective buyers.

The euro-area economy grew at twice the pace analysts predicted, despite an unexpected slump in France and headwinds including elevated inflation and the selloff in bond markets.

The Swiss National Bank reported a solid nine-month profit thanks to its foreign-currency portfolio and gold holdings.

The European Central Bank is responding in a measured way to inflation as most prices are stable and pressures are largely imported rather than driven by domestic factors, Governing Council member Emmanuel Moulin said.

Japanese motorists are poised for a more expensive commute as the government scales back generous fuel subsidies that have helped cushion consumers from the impact of the US-Iran war.

Shanghai's sprawling INS Land, dubbed a Disneyland for adults, has 20 venues under one roof. It offers young adults an affordable way to go out as China’s post-Covid economic recovery proves rockier than expected. Allen Wan takes us inside. (Source: Bloomberg)

The Bank of Japan kept its benchmark rate at 1.25%, while signaling that underlying inflation has reached its 2% target for the first time, taking more than a decade to achieve. (Source: Bloomberg)

Britain was singled out for praise by the International Monetary Fund this month for the boldest deficit-reduction plan of any Group of Seven nation. Bolder still is its decision to deliver the whole squeeze with higher taxes, as economists warn that Chancellor of the Exchequer John Healey is pushing the boundaries of what’s possible.

The United Nations gave Bangladesh and Nepal three more years before they leave the Least Developed Nation category, allowing them to retain trade and financing benefits as both economies face pressures from global and domestic challenges.

The yen broadly held its gains after the Bank of Japan left its benchmark rate unchanged in an 8-1 vote, while signaling underlying inflation had reached its 2% target and opening the door to a December hike. The BOJ also accelerated the pace of ETF sales to about ¥860 billion ($5.5 billion) a year.

New Zealand’s central bank will likely raise its key interest rate at its next two meetings in December and February before pausing, economists say.

Bank of Japan Governor Kazuo Ueda signaled strong prospects for hiking the benchmark interest rate in December, hours after declaring underlying inflation had hit a long-sought goal of 2%.

Philippine exports rose at their fastest pace in five years, bringing overseas sales to a new record on the back of global electronics demand and a weak peso.

Christine Lagarde will leave the European Central Bank with one victory notched up over inflation, camaraderie restored among policymakers and the euro on track to join the digital age.

Consumer inflation in Tokyo remained well above the Bank of Japan’s 2% target, underscoring persistent price pressures just hours before the central bank’s board is expected to hold its policy settings steady.