Supercharging QE, BOE Hike Debate, China Energy Crisis: Eco Day
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Happy Friday, Europe. Here’s the latest news and analysis from Bloomberg Economics to take you through to the weekend:
- The European Central Bank will supercharge its regular bond-buying program before pandemic purchases run out in March, according to economists surveyed by Bloomberg
- The Bank of England’s new chief economist said a decision whether to raise interest rates next month is live and “finely balanced.” Three former senior officials say the BOE will likely defy investors’ expectations of a sudden hike, as it rarely shifts policy in dramatic fashion
- Bank of Russia Governor Elvira Nabiullina is likely to raise interest rates for a sixth straight time Friday as inflation runs nearly double the target, but just how large it will be has economists dividedraise interest rates
- U.K. consumer confidence fell in October to the lowest level since the country was stuck in lockdown due to a combination of surging inflation, food and fuel shortages and climbing Covid-19 cases
- Energy shortages rippling through China’s manufacturing centers for steel, aluminum and cement have authorities racing to resolve a crisis that some economists warn risks crimping global growth
- The U.S. and five European governments reached an agreement resolving a trade dispute over digital taxes on some of the largest American tech giants
- The Federal Reserve will ban top officials from buying individual stocks and bonds as well as limit active trading after an embarrassing scandal that led two officials to resign
- Japan finally has an inflation pulse and the gains are much stronger than they first appear, a factor that could start to influence speculation over the Bank of Japan’s policy path
- Paraguay’s central bank surprised economists by delivering its biggest interest rate increase in a decade
- Investors are stepping up bets that the world’s key central banks will raise interest rates sooner than they’d planned, and faster than they’d like
- Brazilian President Jair Bolsonaro plunged his administration into crisis as he forged ahead with a controversial spending plan that triggered a rout in financial markets and the resignation of key members of his economic team
©2021 Bloomberg L.P.
Stay Updated With OnWeb News On BloombergQuint