France has indicated it may back Pablo Hernandez de Cos to take over the European Central Bank presidency from Christine Lagarde next year, Le Monde and the Finance Times reported, citing unidentified people familiar with the matter.
Romania will probably keep interest rates on hold as higher energy prices boost inflation and delay any consideration of potential monetary-policy easing.
China’s central bank highlighted what it said were relatively low loan rates compared to the rest of the world — a sign it may remain cautious about cutting interest rates while borrowing demand remains sluggish.
One of the Bank of Japan’s most dovish board members said he’s not entirely opposed to rate hikes, but he wants to ensure authorities stay cautious about the pace and economic impact of any moves, as there’s a risk that higher rates could weigh on the price trend.
Sri Lanka will unveil a budget aimed at keeping its economic recovery on track amid global headwinds and as its $3 billion International Monetary Fund bailout draws to a close.
Japan’s corporate goods inflation accelerated for the first time in three months, adding to evidence of persistent price pressures that support the case for a Bank of Japan interest-rate increase next month.
Japan’s currency chief warned that it was too soon to forget the events of this summer after the yen weakened sharply in recent days, signaling that authorities stand ready to intervene again to support the Asian currency.
The yen slid to the verge of 160 to the dollar, a key threshold that’s raising the specter that policymakers in Tokyo will swoop in again to defend the currency.
Thailand’s tourism recovery is losing momentum, with foreign arrivals headed for their first back-to-back annual decline outside the pandemic since at least 1995.
The looming retirement of the Federal Reserve’s longest-serving policymaker has set off a debate within the US central bank over the rules governing term limits for regional Fed leaders, according to people familiar with the discussions.
Germany’s economy will expand this year at more than twice the pace envisaged in the spring thanks to vast government spending and surprisingly robust exports, according to the country’s independent economic advisers.
Analysts are cutting their forecasts for S&P 500 profits next year even as a blowout third-quarter earnings season winds down, with concerns over artificial intelligence spending and the fallout from the US midterm elections clouding the outlook.
Germany’s economy is rebounding faster than expected a few months ago, but the government must press ahead with structural reforms to secure long-term growth, Bundesbank President Joachim Nagel said.
Developing economies face an employment gap of 800 million jobs over the next 15 years as a generation of young people reach working age and the nations have limited resources to tackle the challenge, according to the World Bank Group.
China is sounding out market participants on a possible tax on interest income from government bonds, according to people familiar with the matter, a move that could potentially offer a lift to yields that have been hovering near record lows.
