Bloomberg Surveillance

Chancellor of the Exchequer John Healey declined to rule out raising taxes on banks in this month’s budget, despite praising them as the “jewel” in the UK’s economic crown.

The US wouldn’t have to try too hard to stabilize its debt if politicians could agree on deficit cuts, according to former European Central Bank chief Mario Draghi.

The European Central Bank is unlikely to step in any time soon with market intervention to help France, according to its former chief, Mario Draghi.

The European Central Bank can afford to take some time in analyzing inflation dynamics that are shaped by opposing forces in the global economy, Governing Council member Martins Kazaks said.

Malaysia’s central bank has greater room to adjust interest rates after changing its policy guidance last month and stands ready to act if inflation pressures intensify as the Middle East conflict keeps energy prices elevated, its governor said.

Hotter-than-expected US inflation puts pressure on the front end of the yield curve and raises the stakes for Fed chief Kevin Warsh as he is set to speak at a conference in Bangkok. (Source: Bloomberg)

Volkswagen's Chief Executive Officer Oliver Blume is turning to the US market for growth. The German company plans to enter the market for light trucks and offroad sport utility vehicles. Bloomberg's Elisabeth Behrmann breaks down the situation. (Source: Bloomberg)

Britain’s economy unexpectedly grew in August, as businesses continued to hold up in the face of rising energy prices and painfully high borrowing costs.

The International Monetary Fund will start talks for the final review of Egypt’s $8 billion loan program after this month’s annual meetings and aims to sign off by December, a top official said.

Paul Conway, Chief Economist at the RBNZ, says the central bank's next policy meeting is "wide open" amid inflationary pressures. He spoke on the sidelines of the IMF-World Bank Annual Meetings in Bangkok. (Source: Bloomberg)

A series of economic and geopolitical disruptions means the European Central Bank might need to embrace a policy stance that has a modest tilt toward monetary tightening, according to one of the frontrunners to succeed President Christine Lagarde.

UK Chancellor John Healey said he will “stay the path” on plans to bring down borrowing over the next few years as he welcomed the International Monetary Fund’s support for the government’s fiscal plans ahead of the budget.

South Korea’s bank lending to households expanded in September at the slowest pace in six months as softer mortgage growth and a sharp decline in other types of household loans tempered borrowing ahead of a central bank policy decision next week.

New Zealand’s interest rate decision in late October is “wide open,” according to Reserve Bank chief economist Paul Conway, even as inflation pressures build.

China’s yuan is undervalued in real terms because of the country’s flagging domestic economy, and steps to revive demand have fallen far short of what’s needed, according to a senior International Monetary Fund official.

The International Monetary Fund expects economic growth in the Asia-Pacific to slow this year and next, warning that rising energy prices and any pullback in the artificial-intelligence boom could test the region’s resilience.

Bank of Japan Board Member Junko Koeda warned against too much caution over raising interest rates, in comments that suggest the central bank is firmly on track to hike borrowing costs again in the coming months after accelerating the pace of normalization.

A tightening in financial conditions may limit the need for European Central Bank monetary policy action, according to Governing Council member Primoz Dolenc.

India’s central bank has mounted its strongest defense of the rupee in more than a decade, and said it’s not done yet.

Japanese Finance Minister Satsuki Katayama called for Group of 20 policymakers to closely monitor financial markets, speaking against a backdrop of renewed pressure on Japan’s currency and a selloff in bonds around the world in recent weeks.