Turkey's central bank sharply lifted its policy rate for the fifth month running on Thursday as part of its politically charged battle against historically high inflation rates.Turkey's official annual inflation rate peaked at 85 percent last October and climbed back up above 60 percent last month.
(Bloomberg) Australia’s inflation rate came in hotter than expected in the three months through September, bolstering the case for the Reserve Bank to raise interest rates next month and sending government bond yields soaring.Most Read from BloombergIsrael Latest: US Determines Israel Wasn’t Behind Hospital BlastNobody Wants Mutual Funds NowBig Tech Earnings Whipsaw QQQ in Late Trading: Markets WrapAn Oil Giant Quietly Ditched the World’s Biggest Carbon Capture PlantChina Ousts Defense Minist
(Bloomberg) Australia’s central bank “will not hesitate” to raise interest rates further if there’s a material upgrade to its inflation outlook, new Governor Michele Bullock said, in her strongest reference yet to the threat of renewed price pressures.Most Read from BloombergAn Oil Giant Quietly Ditched the World’s Biggest Carbon Capture PlantChina Repeats Its View That Israel Must Protect CiviliansHostages and Hezbollah Force Israel to Rethink Gaza Ground WarNobody Wants Mutual Funds NowDisn
The Bank of Japan is considering raising its inflation outlook for the current business year to next March to near 3 percent from 2.5 percent at present, sources close to the matter says.