ECB and Turkey Decide Rates, Russia's Wait, Korea Slows: Eco Day

(Bloomberg) -- Welcome to Thursday, Europe. Here’s the latest news from Bloomberg Economics:

• It’s a busy end to the week for central banks. Mario Draghi might reflect on the difference a year can make as he and his ECB colleagues meet to discuss a litany of risks facing the euro-zone economy
• In Turkey, geopolitical storm clouds are no longer gathering over monetary policy
• Ukraine is set to leave Europe’s highest benchmark borrowing costs unchanged after sealing a deal with the IMF to resume aid
• Meanwhile, the Bank of Russia’s plans for interest rates may have to wait for an event a few weeks and thousands of miles distant from Friday’s board meeting -- the U.S. midterm elections
• Weaker-than-expected growth in South Korea’s economy is raising fresh questions about whether the Bank of Korea will get its long-awaited interest rate hike next month
• Tom Orlik runs his ruler over changes in demand in the labor market and finds high-skilled workers in developed nations face stiff competition
• On Trump and Powell, Paul Volcker knows a thing or two about presidents trying to pressure the Fed over policy

To contact the reporter on this story: Enda Curran in Hong Kong at ecurran8@bloomberg.net

To contact the editors responsible for this story: Malcolm Scott at mscott23@bloomberg.net, Chris Bourke

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