Bloomberg Surveillance

Bank of England Governor Andrew Bailey said he was right to defend then-Federal Reserve Chair Jerome Powell from Donald Trump’s attacks and would do so again.

Hungarian policymakers flagged 2032 as a potential date for adopting the euro, arguing that an even faster switch would require a markedly more upbeat global growth environment than currently anticipated.

Israel’s central bank kept interest rates steady and said it expects the economy to grow 5.6% this year, just six days before the country faces one of its most consequential elections.

South African bonds rallied as the government cut weekly issuance and Finance Minister Enoch Godongwana unveiled new rules to ensure fiscal sustainability as debt peaked.

Below are the highlights from South Africa’s 2026 medium-term budget policy statement announced by Finance Minister Enoch Godongwana in Cape Town on Wednesday.

Indian policymakers agreed inflation had worsened enough to warrant higher interest rates, but differed over how much more tightening may be needed, minutes of the central bank’s October meeting showed.

Foreign-exchange intervention offers limited benefits beyond the near term and currencies should be allowed to adjust to global shocks, a top International Monetary Fund official said.

US mortgage rates fell last week for the first time in more than two months, a small step down that did little to revive a moribund housing market.

The premier remains popular a year into her term but faces a host of economic challenges.

UK home prices extended their decline in August, according to official figures showing that surging borrowing costs are sapping demand.

France secured fresh supplies of liquefied natural gas from Qatar and will work to lower fuel transport costs from the Persian Gulf as it seeks to curb soaring energy costs tied to the Middle East conflict and war in Ukraine, President Emmanuel Macron said.

European Central Bank Governing Council member Martins Kazaks said interest rates may have to be lifted further if consumer-price gains remain elevated, according to Econostream.

Ghana is set to unveil a $10 billion economic agenda to drive job creation as the economy stabilizes after a debt restructuring.

Germany’s economy probably stagnated in the third quarter, but is set to record strong growth toward year-end, according to the Bundesbank.

German Chancellor Friedrich Merz said the European Union would seek to avoid a trade war with China even as it protects itself from a new dimension of overcapacity and an undervalued currency. "That is our goal, not a conflict, but to have a new balance in trade with China," he said during an interview with Bloomberg's Stephanie Flanders at the Berlin Global Dialogue. (Source: Bloomberg)

Germany will probably make headway this year on a reform of its pension system that will help deepen European capital markets, according to Deutsche Bank AG Chief Executive Officer Christian Sewing.

Japan has gained an estimated ¥195 trillion ($1.2 trillion) in fiscal room as inflation erodes the real value of government debt, according to a former Bank of Japan official, who says the benefit could help Prime Minister Sanae Takaichi fund her defense and investment plans.

Sweden’s central bank will probably have made two quarter-point increases to borrowing costs by the end of the first quarter next year, sooner than previously expected, according to a Bloomberg survey.

Mercedes-Benz Group AG Chief Executive Officer Ola Källenius warned that the European Union’s push to shield its car industry risks driving costs even higher and creating distortions across global supply chains.