Bloomberg Surveillance

Spain’s central bank increased its inflation forecast, underscoring how the economy is experiencing stronger pressures than in the wider euro area.

Germany wants its candidate for Isabel Schnabel’s vacancy at the European Central Bank to keep her financial-markets portfolio, according to people familiar with the matter.

Petroliam Nasional Bhd. is set to increase its payments to the Malaysian government by 19% next year as higher energy prices boost profitability.

Britain plans to publish American-style monthly inflation figures for the first time, providing economists and investors a better grasp of recent movements in prices.

Japanese Prime Minister Sanae Takaichi said strengthening the economy’s global competitiveness would ultimately bolster confidence in the yen, defending her fiscal policies against concerns that planned tax cuts could undermine efforts to support the currency.

Japan plans to scrutinize unused government funds of as much as ¥7 trillion ($44.3 billion) as it looks to claw back money, curb spending and free up resources for Prime Minister Sanae Takaichi’s policy priorities.

Japan’s household spending fell for a ninth month even as wages continued to climb, showing consumers remain cautious as persistent inflation squeezes purchasing power.

Uruguay’s central bank raised its benchmark interest rate by a quarter-point to 6% to keep consumer price expectations anchored after two months of above target inflation.

European Commission finance chief Valdis Dombrovskis urged euro-area member states to observe budgetary restraint, pushing back against a proposal from Italy and Greece to introduce additional leeway.

Congressional Budget Office Director Phillip Swagel warned the idea of embracing faster economic growth as the solution for reining in the US federal debt — one being championed by Treasury Secretary Scott Bessent — is unlikely to work.

The European Central Bank has the instruments to stabilize financial markets if required, President Christine Lagarde told euro-area finance ministers.

Poland is ready to increase interest rates for the first time in four years if inflation risks escalate, according to the central bank governor.

Nominations to succeed European Central Bank official Isabel Schnabel must be submitted by the end of the month as President Christine Lagarde’s future there remains shrouded in mystery.

Polish central bank Governor Adam Glapinski dismissed a parliamentary inquiry into his alleged wrongdoing as baseless and warned against its potential negative consequences for the country.

A sudden selloff of French bonds has stirred memories of the sovereign debt crisis that cascaded across Europe between 2009 and 2015. Attention is now turning to how the European Central Bank might respond.

Bank of England Governor Andrew Bailey warned governments may be left helpless in the event of another downturn as their firepower is sapped by weak growth and a series of severe shocks.

Global merchandise trade is holding up much better than was expected earlier this year, the World Trade Organization said, as artificial intelligence drives demand and fragmentation between geopolitical rivals stabilizes.

India withdrew a tax benefit on gold, silver and platinum imported by banks and state-nominated agencies, subjecting shipments to a 3% levy and raising costs for the main channels supplying one of the world’s largest bullion markets.

Applications for US unemployment benefits fell slightly last week to the lowest level since July, showing layoffs remain limited across the job market.

Mexican annual inflation accelerated slightly less than expected in September, validating the central bank’s current rate pause while awaiting greater clarity on the price outlook.