Central banks

The European Central Bank is considering new currency safety net arrangements as part of a broader push to strengthen the euro's standing in the global financial system. The initiative would aim to make the euro a more attractive alternative to the US dollar for international reserves and trade. Details of the proposals remain limited, and the bank has not specified a timeline.

European Central Bank President Christine Lagarde said measured interest rate increases remain the appropriate tool to bring eurozone inflation back down. Her remarks, reported by Reuters and financial outlets, signal the ECB intends to keep tightening policy in careful steps rather than pause or accelerate, as policymakers weigh persistent price pressures against slowing economic growth across the euro area.

Christine Lagarde, president of the European Central Bank, signalled that the bank will continue with gradual, measured policy steps to bring eurozone inflation back to target, rather than committing to aggressive moves either way. The approach keeps the ECB on a cautious path as officials weigh persistent price pressures against slowing growth in the euro area. Investors and economists are watching for clues on the timing and size of future rate decisions.

Christine Lagarde, president of the European Central Bank, said eurozone inflation is set to rise but there are no signs yet of it becoming entrenched. Her comments signal the ECB expects a temporary uptick in price pressures rather than a durable shift, a message likely to weigh on expectations for the path of eurozone interest rates.

European Central Bank President Christine Lagarde said that rising yields on government and corporate debt are tightening financial conditions across the eurozone, which will work to slow both economic growth and inflation. Her comments add to the debate over how much further monetary policy needs to tighten, since market-driven higher borrowing costs may do part of the ECB's work without additional rate hikes.

Bank of England Deputy Governor Dave Ramsden said there is a case for raising the UK's key interest rate if inflationary pressures continue to build. His comments add to expectations that the central bank may tighten monetary policy further, and investors and economists are weighing how aggressive the BOE could be in its coming decisions.

Zimbabwe's central bank has lowered its benchmark interest rate, moving in the opposite direction to most major economies where high rates remain in place. The decision comes as risks tied to tensions involving Iran continue to weigh on global markets. Analysts are watching whether the cut will ease pressure on the country's economy and currency.

Bank Indonesia has reduced its interventions in the foreign exchange spot market, according to the central bank governor. The move signals greater comfort with the rupiah's current level and a shift in how the bank manages currency stability. Markets watch these interventions closely as a gauge of pressure on Southeast Asia's largest economy's currency.

Sterling has rebounded against both the dollar and the euro as traders increase bets that the Bank of England will tighten monetary policy. The pound's recovery reflects shifting expectations around UK interest rates, with markets pricing in a more hawkish stance from the central bank. Investors are watching upcoming BoE decisions and economic data for confirmation of the tighter policy path.

Economists polled by Reuters expect euro area consumer prices to have risen 3.5% year-on-year in September, up from 3.2% in August, which would be the fastest pace in nearly three years. Eurostat is due to publish its flash estimate on Friday, and analysts are watching closely for what it means for European Central Bank policy.

Federal Reserve Governor Lisa Cook said she expects inflation pressures from the artificial intelligence investment buildout to persist in the coming months. The remarks signal that policymakers are watching how massive AI-related spending affects prices and the broader economy, a factor that could shape the central bank's interest rate decisions as it weighs inflation risks against growth.

The Reserve Bank of India has completed net sales of government debt totalling 1 trillion rupees, the first time it has reached that figure in a decade. The scale of the central bank's selling marks a notable shift in management of India's bond market and liquidity, drawing attention from investors tracking the country's debt markets and interest rate outlook.

Financial Times analysis argues that without a resilient underlying economy, central banks face limited policy choices when responding to economic shocks. The piece suggests monetary authorities are constrained because weak growth and fragile conditions restrict how far interest rates and other tools can be used, leaving policymakers with difficult trade-offs between supporting growth and controlling inflation.

Global leaders gathering at the United Nations General Assembly are focusing on the future of development finance, with discussions on how multilateral lenders can better fund growth in emerging economies. Development Bank of Latin America (CAF) is among the institutions weighing in, arguing that reshaping development financing is central to meeting global development goals.

Indian companies are preparing around $3 billion in debt issues as they watch for a potential rate hike by the Reserve Bank of India. Borrowers are looking to lock in funding before borrowing costs rise, with the central bank's next policy decision the key trigger for timing the sales.

Tata Trusts has proposed a restructuring of Tata Sons aimed at preventing a forced listing of the conglomerate, a push driven by India's central bank. The move, reported by Reuters, touches on rules requiring large unlisted companies to go public. The proposal puts the relationship between the charitable trusts that control Tata Sons and regulatory pressures at the centre of attention.

The European Central Bank is taking part in a hearing of the European Parliament's Committee on Economic and Monetary Affairs. Such hearings give lawmakers the chance to question the central bank on monetary policy, banking supervision and financial stability, and are closely watched for signals on interest rates and eurozone economic outlook.

Saudi Arabia exited mBridge, the world's largest central bank digital currency platform, sixteen months ago, according to the Financial Times, which reported the withdrawal after it had gone largely unnoticed. The project, involving central banks experimenting with cross-border digital currency payments, has now drawn renewed attention as analysts weigh what the kingdom's departure means for the future of the initiative.

Swedish central banker Erik Thedéen is drawing attention with remarks on quantitative easing, the independence of central banks, and the future of digital payments. His comments touch on how unconventional monetary policy has shaped economies and how central banks should safeguard their autonomy while adapting to new payment technologies. The remarks come as these debates are active among policymakers globally.

Revolut has received approval from Argentina's central bank to proceed with its acquisition of Banco Cetelem, the Argentine banking unit. The clearance removes a key regulatory hurdle for the fintech company's expansion into Argentina's retail banking market. The move marks a significant step in Revolut's push into Latin America, allowing it to operate through an established local bank rather than building its licence from scratch.

Economist Daniel Lacalle argues that central banks are powerless to resolve the growing sovereign debt bubble, warning that monetary policy cannot offset unsustainable levels of government borrowing. His comments come as debt loads in major economies keep rising and markets weigh how governments will manage refinancing costs if central banks step back.

Citigroup chief executive Jane Fraser said the banking industry is still waiting for central banks to operate around the clock, arguing that payment infrastructure has not kept pace with markets that no longer stop at national borders or business hours. Her remarks add to a wider debate among bankers over modernising settlement systems, faster payment rails and the role central banks should play in instant, always-on finance.