Why Bank of England Broke Down and Joined Wave of Rate Hikes
For Britain and the Bank of England, a surge in optimism about an end to the US’s war with Iran war didn’t come soon enough.
Bloomberg Surveillance
Lula Consults Mantega, Leftist Economists on Fiscal Plans
President Luiz Inácio Lula da Silva kicked off discussions over economic policy for his next term by meeting with a group of left-leaning economists, including former Finance Minister Guido Mantega, a choice that risks deepening investor concerns about his approach to fiscal issues.
Bailey Says Second BOE Hike More Likely Than Not If War Goes On
Bank of England Governor Andrew Bailey said another interest-rate hike is more likely than not if the high energy costs seen in recent weeks return.
Lower-Income Nations Face Highest Debt Costs Since 1989: World Bank
Emerging economies’ external debt climbed to a record $9.4 trillion in 2025, according to the World Bank, boosted in part by the poorest nations facing borrowing cost levels unseen since the 1980s.
Fed’s Hammack Says Restrictive Rates Needed to Cool Prices
Federal Reserve Bank of Cleveland President Beth Hammack said interest rates need to be restrictive to bring inflation to the central bank’s target, and more frequent moves can reduce the risk that policy falls behind.
US Labor Productivity Increases at Fastest Pace in a Year
US labor productivity accelerated in the third quarter at the fastest pace in a year, suggesting a capital spending boom is translating into greater efficiency at a time when input costs have soared.
Czechs Raise Rates as ‘Fine-Tuning’ Move After Rare Tight Vote
The Czech central bank raised interest rates for the second time this year in a rare split vote, calling the move monetary fine-tuning.
Traders Up Bets on Faster BOE Rate-Hike Pace After Hawkish Vote
Traders upped bets on a second straight Bank of England interest-rate hike after all policymakers backed a first increase, with one calling for an even bigger move.
Milei afloja presión fiscal tras golpe a pequeñas empresas
La presión fiscal sobre las pequeñas empresas se convirtió en un problema político para Javier Milei, mientras comerciantes que lo apoyaron cuestionan ahora sus políticas.
BOE United in Delivering First Rate Hike in Three Years
The Bank of England’s Monetary Policy Committee raised interest rates for the first time since 2023 in a bid to bear down on soaring inflation.
Milei Retreats On Bank Account Freezes That Crushed Businesses
President Milei is pumping the brakes on aggressive tax collection tactics as small business owners reconsider how they’ll vote next year
How the Federal Reserve Emerged as a Winner From the US Election
Risks to Fed autonomy are seen fading with Democrats serving as a brake on Trump.
Bank of England Strikes Hawkish Tone With First Hike Since 2023
The Bank of England signaled it was poised to raise interest rates again in the coming months as policymakers backed the first increase in more than three years and warned inflation would approach 5% next year.
Maersk’s outlook for global trade
Shipping line’s CEO says lagging investment in land-based infrastructure is an impediment to trade
Chile Rate-Hike Bets Build After Hawkish Central Bank Minutes
Chile investors are rapidly bringing forward bets on the country’s first interest rate hike since 2022 after the central bank highlighted risks from a surge in inflation pressures.
Trump’s Trouncing Gives Warsh Room for Maneuver on Rates
Donald Trump’s sweeping rebuke by voters on Tuesday could lift a shadow from Federal Reserve Chair Kevin Warsh, allowing him to focus — with less political distraction — on bringing inflation to heel.
Ethiopia Becomes Top Five African Economy After Data Overhaul
Ethiopia now ranks as Africa’s fifth-biggest economy, after the nation revised its national accounts to take into account emerging sectors such as the digital economy.
World Bank Says Corruption Cost Kenya $900 Million on Railway
Kenya allegedly spent $900 million more than it should have for a Chinese-built railway because of rampant corruption, fraud and graft in one of the flagship projects of Beijing’s Belt and Road Initiative, according to the World Bank.
ECB’s Zigman Sees ‘Rather Big Chance’ of December Rate Hike
The European Central Bank is likely to raise borrowing costs next month for the third time since the Iran war began, Governing Council member Ante Zigman said.
US Companies Announce Fewest October Job Cuts in Three Years
US employers announced the fewest number of job cuts for any October since 2023, while hiring plans picked up as companies began gearing up for the holiday-shopping season.
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