Carney Testifies, Switzerland Lures Talent, India Truce: Eco Day

(Bloomberg) -- Good morning, Americas. Here’s the latest news from Bloomberg Economics:

• Bank of England Governor Mark Carney, speaking to the U.K.’s Treasury Committee, gave his seal of approval to Theresa May’s Brexit transition agreement and signaled he would welcome a longer transition to allow the U.K. more time to adjust to life outside the EU
  • The BOE will give U.K. lawmakers its assessment of what Brexit could do to the financial system and broader economy at the end of November
• Bundesbank President Jens Weidmann is due to speak in Frankfurt later today. He’s been an ardent advocate of the view that the euro zone’s economic slowdown is temporary and the European Central Bank should start reining in stimulus
• Inflation in Hungary may have reached the fastest since 2012, but one of Europe’s most dovish central banks isn’t getting close to tightening monetary policy yet
• Weakness in the Czech currency has reliably pointed the way to the longest run of interest-rate increases in Europe. But at their last meeting of the year, policy makers may opt for a pause, even as the koruna continues its slide
• Switzerland once again clinched the top spot in a global survey on fostering and attracting talent, in a top 10 list that includes Canada but not the U.S., and no Asian countries
• Denmark’s central bank said it sees no risk to taxpayers from the country joining Europe’s banking union and affirmed its call for the country to do so
• South Africa should consider introducing a debt anchor in its budget to signal the government’s commitment to reduce its obligations and help tighten fiscal policy, according to the International Monetary Fund
  • South African President Cyril Ramaphosa may create a super ministry for economic policy as part of his plans to overhaul the government, according to three people familiar with the matter
  • Also, when South Africa’s monetary policy committee is split, the hawks tend to emerge victorious
• India’s central bank signaled a compromise with the government by agreeing to study a demand for sharing a part of its capital
• Just when it seemed Japan was making progress on inflation, along came the oil price slide. That, and cheaper mobile phone bills and free nursery education could push inflation below zero

To contact the reporter on this story: Zoe Schneeweiss in London at zschneeweiss@bloomberg.net

To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Sam Unsted

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