Upside risks to Australia’s inflation outlook are materializing, Reserve Bank Governor Michele Bullock told a parliamentary hearing on Wednesday, less than a week before policymakers meet to consider raising interest rates further.
Thailand’s central bank is expected to keep interest rates unchanged for a fourth straight meeting, with the debate shifting from further easing to when policymakers may eventually start raising borrowing costs.
Chancellor of the Exchequer John Healey said his first budget would deliver “breathing space” for Britain, as Andy Burnham’s new administration seeks to sustain a poll bounce at minimal cost.
The International Monetary Fund reached a staff-level agreement with Argentina on the third review of its $20 billion loan program, toning down language around the nation’s return to international capital markets.
Chile’s central bank held its benchmark interest rate steady Tuesday as it warned that external shocks have substantially raised inflation risks and consumer price forecasts.
Bullish bets in US Treasuries are vulnerable to a sharp reversal if the Federal Reserve takes a more aggressive stance at its upcoming monetary policy meeting.
South African commercial corn farmers plan to cut plantings to the smallest area since 2019, squeezed by higher input costs and expectations of a drought during the nation’s summer months.
Colombian President Abelardo de la Espriella faces his first major test in Congress as he seeks support for deep spending cuts to reassure investors and pave the way for a deal with the International Monetary Fund.
Stifel Chief Economist Lindsey Piegza argues that returning inflation to its longstanding 2% target would require firm conviction and more than two rate hikes. She speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Sales of new homes in the US edged lower last month as homebuilders’ efforts to trim prices and offer sales incentives failed to offset a surge in mortgage rates.
US orders for durable goods rose in September by the most in five months, on stronger bookings for aircraft and other business equipment, adding to evidence of momentum in manufacturing.
Chile’s central bank will likely keep its key interest rate unchanged for a seventh straight meeting on Tuesday, while investors warn that resurging inflation threats will make it harder to stay on hold going forward.
The Bank of Canada is likely to hike interest rates for the first time in more than three years as policymakers grow increasingly concerned about the inflation risk posed by the cost of energy.
Euro-zone banks tightened credit conditions and reported waning demand for loans in the third quarter, supporting the European Central Bank’s caution on raising interest rates further.
Senegal’s prime minister said he expects to resolve a stand-off over the country’s budget within days, as the authorities seek approval for a new International Monetary Fund program as soon as next month.
