Economy
ECB holds rates at 2.5% on the day Lagarde announces her early exit
The European Central Bank kept its deposit rate at 2.5% on Thursday, hours after President Christine Lagarde said she would leave next February, months before her term ends, as France's bond market turmoil and inflation at 3.8% cloud the outlook for the eurozone.
Economy
Fed holds rates days before US midterms but two officials dissented
The Federal Reserve kept interest rates unchanged on Wednesday, six days before the midterms, but two officials, including Governor Lisa Cook, whom US President Donald Trump is trying to fire, voted for a hike, with inflation at 3.7% and investors still braced for a rise in December.
Economy
What to expect from the Federal Reserve's next rate decision
The Federal Reserve is expected to keep interest rates on hold on Wednesday, six days before the US midterm elections, but with inflation at 3.7% and oil prices still elevated, investors see another hike in December as likely and will scour Chair Kevin Warsh's words for clues.
Economy
UK inflation jumps more than expected fuelling rate hike expectations
Britain's annual inflation rate accelerated by more than expected in September, rising to 3.5% on surging fuel prices. This comes a week before the UK government presents its autumn budget and as UK public sector net debt tops £3 trillion.