BOE’s Breeden in No Rush to Launch ‘Britcoin’
Bank of England Deputy Governor Sarah Breeden said there’s no rush to introduce a central bank digital currency for the general public because so many other developments in digital payments are underway.
Bloomberg Surveillance
India Inflation Hits Two-Year High, Backs RBI Tightening
India’s inflation accelerated to an almost two-year high in September, nearing the top of the central bank’s 2% to 6% tolerance band and reinforcing its decision to lift interest rates last week for the first time in almost four years.
Crisis Theorists Recasting Ideas of Keynes Share Nobel Prize
Two US-based academics who reframed the thinking of John Maynard Keynes after the oil crises of the 1970s won the Nobel Prize in Economics.
Mauritius Rates Policy to Hinge on Persistance of Inflation
The Mauritian central bank sees inflation breaching the upper limit of its target range by year-end, and its interest-rate policy decisions will hinge on how long price pressures are likely to endure, according to Governor Priscilla Muthoora Thakoor.
RBI Window to Meet Refiners’ $10 Billion Monthly Need, Aid Rupee
The Reserve Bank of India’s special window for state-run oil refiners will take almost $10 billion of monthly dollar demand off the spot market, easing pressure on the rupee, according to people familiar with the development.
EU Agrees to Discuss Curbs on Chinese Inverters After Trade Meet
China and the European Union have agreed to discuss the bloc’s restrictions on imports of inverters, a key piece of clean technology, offering potential relief to Chinese firms facing curbs on sales to a major overseas market.
Pakistan Targets Another Ratings Upgrade, Finance Minister Says
Pakistan is seeking further upgrades to its sovereign credit rating and plans to raise more money in global debt markets as its economy improves, according to its finance minister.
NZ National Party Will Wait for Budget Surplus Before Tax Cuts
New Zealand’s ruling National Party says the nation’s debt burden and budget deficit mean now is not the time to cut taxes.
Healey Needs £35 Billion to Meet UK Spending Plans, IFS Says
UK Chancellor of the Exchequer John Healey must find £35 billion ($46 billion) to meet the Labour government’s spending ambitions, the Institute for Fiscal Studies warned ahead of the budget later this month.
Senegal Puts Focus on Global Bid to Help Poor Countries Tackle Debt
The Common Framework is in focus as finance chiefs gather in Bangkok.
Anwar’s Budget Lifts Households as Election, Fiscal Test Nears
Malaysian Prime Minister Anwar Ibrahim’s latest budget offers more relief to households, though analysts see limited progress on deeper reforms and potential challenges in reducing the fiscal deficit.
A Higher-Rate World Is in Store as Central Banks Approach 2027
Global central banks are likely to head into 2027 with even tighter monetary-policy settings to keep inflation at bay.
France Bond Crisis Revives Ghost of Europe's Sovereign Debt Crisis
With the government unable to put its finances on sound footing, what happens between now and April's election could roil the whole euro zone.
Midwest Housing Affordability Worsens With Higher Home Prices, Mortgages
In the region that’s often thought of as a refuge from the US housing squeeze, prices are rising and would-be buyers are feeling boxed out.
China Moves to Stave Off Wider EU Trade War With Hybrid Deal
With an agreement to curb exports of hybrid vehicles to the European Union, China is betting it can sidestep harsher restrictions from the 27-member bloc with a gesture that has little immediate prospect of reshaping the overall trade relationship.
Consumers Are Tapped and Wall Street Fears That’s a Rally Killer
Americans have been relentlessly spending their paychecks despite rising prices, buying pickup trucks with diesel near record highs and steak dinners even as the cost of beef soars.
Healey Plans Short-Term UK Budget Giveaways to Limit Fiscal Pain
Chancellor of the Exchequer John Healey wants to help British voters with the cost of living while staying within the limits of his country’s stretched public finances. To square this circle, he’s planning a series of strictly short-term giveaways — and hoping the war in Iran comes to an end.
Australia Home Auction Clearance Rate Stuck Below 50% for Second Week
Australia’s home auction clearance rate held below 50% for the second week in a row as the central bank’s move to raise interest rates to a 15-year high weighs on buyer demand.
US CPI to Show Overall Inflation Boosted by Higher Gasoline Prices
Higher gasoline prices probably led to quicker overall US inflation in September even as underlying price pressures moderated, supporting views that the Federal Reserve will refrain from raising interest rates this month.
One of Russia’s Richest Men Says Economy Has Yet to Hit Bottom
Vladimir Potanin, one of Russia’s richest men, said the country’s economy has yet to hit bottom, with a shortage of investment remaining the biggest challenge.
Bloomberg Economics
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