European Central Bank officials weighed the need to take further action on inflation last month alongside an assessment that any increase in borrowing costs would still not restrict growth, according to a summary of the meeting.
Chile’s consumer prices rose slightly less than forecast last month despite another increase in fuel costs, as central bankers signal they’ll remain cautious on monetary policy.
The European Central Bank can take a “measured” response to the energy-price shock caused by conflict in the Middle East as spillovers to the rest of the economy remain limited, Chief Economist Philip Lane said.
China’s central bank rejected claims that the yuan is undervalued as trade talks proceed with the European Union, where officials have increasingly blamed trade imbalances on the exchange rate.
The number of Britons defaulting on credit card debt has risen for six consecutive quarters for the first time since the financial crisis in a sign that households are coming under severe pressure as a result of the Middle East conflict.
Serbia kept borrowing costs unchanged for a record 25th month as the Balkan nation heads into a pivotal snap election that pits the long-time ruling camp of Aleksandar Vucic against a nascent student-led political group.
European Central Bank officials are probably in for a heated debate when they set borrowing costs in late October, according to Governing Council member Ante Zigman.
Federal Reserve Governor Christopher Waller said further interest-rate hikes will likely be needed to slow inflation, though officials have some flexibility on timing and don’t need to tighten at consecutive policy meetings.
Nearly €215 billion ($241 billion) of France’s corporate bonds now trade as if they were safer than the government’s, an almost 18-fold increase since the start of 2026, after a punishing sovereign debt selloff.
Bank of France Governor Emmanuel Moulin said that the geopolitical shock of the Middle East crisis is hitting all economies, even those with stronger public finances.
Pakistan reached an agreement with the International Monetary Fund that could unlock another $1.2 billion in financing, offering fresh support to an economy grappling with elevated inflation and the fallout from the Middle East conflict.
Prime Minister Sanae Takaichi said Japan no longer needs policy to stimulate inflation as the economy isn’t in a state of deflation anymore, echoing a comment made recently by US Treasury Secretary Scott Bessent.
World trade is facing its sternest test in eight decades and must reimagine supply lines to guarantee resilience in the face of an increasingly fragmented globe, according to the head of the World Trade Organization.
India’s central bank will likely raise interest rates at successive meetings into next year as broadening price pressures push it deeper into a global tightening cycle.
Romania will likely leave interest rates unchanged at the highest level in the European Union after a persistent political crisis pushed the currency to a record low.
