Bloomberg Surveillance

The European Central Bank will lift interest rates for the final time in December following a pause next week, economists say, at odds with market bets on far more hikes lying ahead.

Russia’s central bank is set to keep interest rates unchanged for a second straight meeting as the Kremlin battles the economic consequences of Ukrainian strikes on energy infrastructure.

British consumers were cutting back on their spending even before soaring fuel prices brought home the scale of the cost-of-living hit from the Middle East conflict.

New Zealand’s central bank will need to move aggressively to raise interest rates if it wants to contain inflation, even if that means a hike just 10 days before a general election, economists say.

Peru’s government is seeking to raise its fiscal deficit ceilings in coming years, giving officials more spending room to protect the economy from severe weather and higher global fuel prices.

European Central Bank Governing Council member Fabio Panetta said the jump in bond yields will restrain the region’s economy, though isn’t critical as things stand.

Germany expects total tax revenue through 2030 to be marginally higher than a projection from May as the economy proves more resilient than anticipated, though the government will have no additional fiscal leeway next year.

Applications for US unemployment benefits fell to a three-month low last week, underscoring the stability of the labor market.

Mexico’s annual inflation accelerated more than expected in early October, reducing the likelihood that the central bank will consider a rate cut at its next monetary policy meeting.

Czech policymakers face a tough decision on whether to raise interest rates next month, weighing a response to global pressures without adding fuel to a robust jump in market borrowing costs, according to a deputy central bank governor.

Turkey’s central bank cut its main interest rate for the first time since the outbreak of the Iran war, after inflation eased to its slowest pace in almost five years.

Madrid is confronting the threat of a US ban on its olive oil

As 10-year yields surge, the Treasury Secretary talks up bond returns

Uganda’s shilling has erased all its gains and plunged to a record low days after a jumbo central bank rate hike and dollar sales to smoothen out currency volatility.

Turkish consumer confidence suffered its sharpest monthly drop in three years following a fund crisis that triggered a stock rout and left investors unable to access some of their assets.

The Swiss National Bank judged last month that its threat of franc sales wasn’t needed anymore after war-induced haven flows into the currency had subsided.

The Philippine central bank delivered an outsized interest-rate hike and signaled readiness to tighten further to rein in resurgent inflation and support a peso that’s sunk to a record low.

Australia’s regulator said the nation’s world-leading pension system needs to spend more money on cyber protection as an aging population becomes increasingly vulnerable to AI-induced crime.

The Bank of Korea said it expects growth this year and next to be “considerably higher” than previous projections, signaling more tightening to come after holding its benchmark interest rate in the wake of rare back-to-back increases.

The Philippine central bank is on track to raise the key rate for a fourth consecutive meeting as a severe El Niño dry spell threatens to further fan resurgent inflation.