Bloomberg Surveillance

European Council President Antonio Costa said the process to find a successor for European Central Bank President Christine Lagarde will kick off on Thursday.

President Christine Lagarde announced she’ll leave the European Central Bank in early 2027, intensifying the struggle to replace one of the world’s most powerful monetary policymakers.

UK mortgage approvals fell more than expected in September, a sign that soaring borrowing costs are tightening their squeeze on prospective homebuyers.

South Africa’s closely watched debt-to-gross domestic product ratio is expected to decline after a regular recalculation showed the economy was 5.3% larger in 2025 than previously estimated.

Investors are talking about the risk of a fresh debt crisis in the euro area, and this time the focus is France, not Greece.

Chancellor of the Exchequer John Healey defended his first budget against criticism that it lacked ambition, while warning the UK would face “hard decisions” about its spending priorities in the years ahead.

The European Central Bank is set to keep borrowing costs steady as it weighs bond-market turmoil in France and a renewed advance in energy costs.

The South African Reserve Bank and financial institutions are preparing a backup plan in case legislation needed for the switch to a new rand benchmark interest rate isn’t passed by the end of the year.

New Zealand’s central bank governor says there is a “high” chance of an interest rate increase when policymakers next meet in December.

For 13 years, the Bank of Japan has tried to coax inflation higher toward 2% as it sought to shake off a deflationary spiral and decades of economic drift. At a Bank of Japan policy meeting on Friday, Governor Kazuo Ueda’s team is expected to finally declare the goal has been reached.

Brown University Professor of Economics Sebnem Kalemli-Ozcan tells Bloomberg TV that while tariff and energy pressures persist, stronger supply conditions mean today's inflation shocks do not match the severity of the pandemic era. (Source: Bloomberg)

AIB Group Plc expects Ireland’s domestic economy to grow more than previously forecast, driven by government investment in housing infrastructure.

The Bank of Japan is widely expected to keep its benchmark interest rate unchanged on Friday while indicating that underlying inflation has finally reached its 2% target, a milestone that would strengthen the case for further rate hikes.

The yuan’s path to becoming a global funding currency depends more on the nation’s supply-chain dominance rather than low borrowing costs, according to a top Chinese economist.

Federal Reserve Chairman Kevin Warsh on Wednesday left the central bank on track to raise interest rates again this year, even as he stuck to his refusal to offer any explicit guidance on the future path of policy.

Bank of Canada Governor Tiff Macklem warned that US borrowing is on an unsustainable trajectory as he offered an unusually blunt assessment of American tax and spending policy, which is putting pressure on global bond yields.

Global fund managers are warming to Japan’s bond market again as signs of recovering domestic demand and a more supportive policy backdrop add to the appeal of elevated yields.

The Bank of Canada raised its benchmark interest rate Wednesday in an effort to fight inflation. But for the nation’s housing market, the move is a heavy blow.

Andy Burnham promised to “bring back hope” when he replaced the unpopular Keir Starmer as Britain’s prime minister in July. His first budget will require a dose of luck, as well.