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.
South Africa’s annual inflation rate rose less than expected in September, even after energy prices soared because of supply constraints caused by conflicts in Ukraine and the Middle East.
Bank Indonesia kept its benchmark interest rate unchanged, while cutting reserve requirements and raising deposit rates, a mix of policies designed to pursue competing objectives following the market volatility triggered by MSCI Inc.’s downgrade threat.
UK inflation hit an 11-month high after a surge in petrol and diesel costs, a surprisingly large increase that leaves the Bank of England on track for its first interest-rate hike in more than three years.
The Bank of Japan will probably keep raising interest rates every three months to contain risks of inflation deviating from its stable price target, according to a former BOJ executive director who oversaw monetary policy.
South Korea’s exports maintained strong growth in early October as booming global demand for artificial intelligence fueled semiconductor shipments, underscoring the economy’s resilience on the eve of the central bank’s interest-rate decision.
Australia’s inflation outlook looks “materially worse” than the Reserve Bank predicted in its August forecast, Deputy Governor Andrew Hauser said, bolstering expectations the Reserve Bank will deliver a fifth hike this year in November.
South African Finance Minister Enoch Godongwana is poised to unveil a fiscal anchor to entrench progress made in repairing the nation’s public finances as the Iran war puts those gains to the test.
Business Secretary Jonathan Reynolds signaled he’s open to hitting Chinese electric vehicles with tariffs to win enhanced access to European markets, but would make the call based on UK needs not demands from the EU.
Bank of England rate-setter Megan Greene warned that an easing in UK wage pressures has stalled, suggesting that the labor market is stronger than officials had thought.
Amazon.com Inc. plans to hire more than 300,000 workers during the holiday shopping season, up 20% from a year ago, making it a stand-out in an otherwise lackluster holiday jobs market.
New US residential construction declined in September to one of the weakest paces since the pandemic and building permits for single-family homes slid, highlighting a languishing housing market.
The number of company insolvencies in England and Wales declined in September from August, the latest sign that the UK economy is holding up in the face of surging energy prices and higher borrowing costs.
Hungary’s central bank kept interest rates unchanged for a second month with Governor Mihaly Varga pointing to market reaction to the government’s fiscal plan as a factor affecting future moves.
