Peru’s central bank is expected to lift interest rates Wednesday for the first time in more than three years as inflation remains above target and heavy rains may hit food prices.
Federal Reserve Chair Kevin Warsh got a thumbs-up from the head of the International Monetary Fund for taking the pursuit of price stability seriously.
Vietnam’s central bank is facing mounting pressure to keep interest rates stable as the Iran conflict fuels inflation and raises banks’ funding costs, while the government’s 10% growth push drives credit demand.
The European Central Bank’s existing monetary policy stance will allow officials to react to any shock, according to Governing Council member Primoz Dolenc.
Iceland’s central bank held western Europe’s highest borrowing costs steady after seven months of tightening as the Atlantic economy dogged by persistent inflation is cooling.
Hungary’s economic growth will probably accelerate next year, with a credible path toward euro adoption set to spur a further rally in bonds, Finance Minister Andras Karman said.
A stranded shark in Busan has drawn more than a million visitors to the South Korean city, boosting local retail sales as authorities moved to stop vendors from cashing in. (Source: Bloomberg)
European Central Bank Governing Council member Emmanuel Moulin said the situation on France’s bond market is complicated and serious, but doesn’t warrant intervention from Frankfurt.
Japanese Prime Minister Sanae Takaichi said her administration is prepared to review spending and revenue plans if government bond yields move unexpectedly, as she seeks parliamentary support for a temporary cut to the tax on food sales.
Hundreds of French high schools were shut on Tuesday as teacher unions joined a student-led movement that has spread across the country and sometimes turned violent. The protests are demanding more money for education, highlighting the difficulty the government faces in trying to rein in public spending while also providing all of the core services its citizens want. Bloomberg Economics' Jean Dalbard breaks down the situation. (Source: Bloomberg)
Sweden’s core inflation held steady last month, largely matching expectations and setting the stage for a quarter-point interest-rate hike over the months ahead.
German industrial production jumped the most since March last year, extending an economic recovery bolstered by public spending on infrastructure and defense.
Iraq devalued its currency by 13% against the dollar, as the economy comes under strain with the effective closure of the Strait of Hormuz hitting oil exports.
India’s central bank raised interest rates for the first time in nearly four years and signaled further hikes may be on the table as accelerating inflation and a weakening currency drive a policy pivot.
Poland’s central bank is set to keep interest rates on hold for a seventh straight month as the government’s move to reduce fuel prices at the pump buys policymakers more time to assess inflation path.
Australian households are proving less vulnerable to interest-rate increases than their heavy debt loads might suggest, Deutsche Bank AG said, noting stronger household balance sheets are helping borrowers withstand tighter monetary policy.
