Syced, CC0 Bank of Japan holds at 1.25% but says inflation has reached its 2% target
One board member voted for a rise on 30 October, and most economists expect the Bank to raise rates in December.
Iain FeeneyChief Editor and CEOIain Feeney founded Stacklumen, which makes Comlumen, and leads Comlumen as Chief Editor and CEO.
Desk stories are compiled from the reporting and official sources they link, and written with AI assistance.
Support: support@
Companies, markets and work.
Syced, CC0 One board member voted for a rise on 30 October, and most economists expect the Bank to raise rates in December.
Arild Vågen, CC BY-SA 4.0 The Nasdaq Composite fell 5.5% on Thursday 5 November and entered a correction as AI and semiconductor shares tumbled, and the selling spread to Asian markets on Friday.
Steve Daniels, CC BY-SA 2.0 The Bank's first rate rise since 2023 was backed by all nine policymakers on 5 November, and one wanted a bigger increase. Staff expect inflation to reach about 5% by the middle of next year.
Dr. Thomas Liptak, CC BY-SA 4.0 The European Central Bank kept its deposit rate at 2.5% on 29 October, the same day its president said she would leave on 7 February. A week later, euro zone inflation reached 4%.
Federal Reserve, public domain Governor Lisa Cook and Cleveland Fed President Beth Hammack wanted a quarter-point increase on 28 October. Figures published the next day showed the economy grew at a 3.4% annual rate in the third quarter.
King of Hearts, CC BY-SA 4.0 Chancellor John Healey's Budget on 28 October also raised tax on savings and property income. The OBR cut its 2027 growth forecast to about 1% and said inflation would average 3.5% that year.
NASA/Tim Kopra, public domain Brent crude fell 8.7% on 4 November on hopes the election result would speed an end to the war with Iran, then rose back towards $100 a barrel after new tanker attacks.
BiiJii, CC BY-SA 4.0 Japan on Friday 6 November demanded that Russia withdraw a decree, signed by President Vladimir Putin on 5 November, placing Japan Tobacco's four Russian manufacturing businesses under the temporary management of a Russian company.