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

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