Bank of England raises rates for first time since 2023, says more may come
Watch governor Andrew Bailey’s press conference live after central bank lifts borrowing costs for first time since 2023
Top News
Norway Keeps Rate Steady With Option of Another Hike If Needed
More: Anadolu Agencyopen
Indonesia's GDP grows 5.5% in Q3, helped by government spending
On the map → Indonesia · nickel
More: Anadolu Agencyopen, The Business Times, Investing.comopen, Bloomberg
Tech giants turn to cash, concessions for AI rebrand after voters pummeled data centers 43-1
More: Data Center Dynamics, OpenAI, CNBC
UK inflation to peak at 4.4% in 2027, according to FT survey of economists
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KOSPI tumbles as Democrat sweep fuels AI infrastructure concerns
On the map → South Korea · industrial routes
Euro weakens as oil prices rise amid Iran-war uncertainty, adding an energy-risk premium to currency trading
Crude oil prices fall below $90 a barrel as Vance blames GOP election defeat on Iran war
Separate development
Oil prices tumble below $100 on post-election peace hopes
More: CNBCopen, Anadolu Agencyopen, Investing.comopen, Reutersopen
Japan
BOJ debated need for more rate hikes, scope for faster moves, September minutes show
AnalysisinvestingLiveNov 4 at 3:58 PM PST
BoJ minutes: board backed further hikes, flagged 50% oil surge as government urged caution
The minutes add a hawkish edge to the yen outlook, with talk of a faster pace and getting closer to neutral “relatively soon” supporting pricing for a December move. Against that, one member’s view that market expectations are running ahead of the economy may cap how far rate pricing extends, particularly at the longer end of the JGB curve. Oil is now an explicit driver of BoJ thinking, so renewed crude strength from the Middle East is likely to feed directly into Japanese rate expectations. The Cabinet Office’s call for caution is a reminder that political resistance to rapid tightening remains a factor. - The BoJ board in September was arguing over how fast to go, not whether to keep going, with oil doing much of the persuading. Summary: Members agreed the BoJ should keep raising rates as underlying inflation approached 2% and financial conditions stayed accommodative Several saw a shi
More: The Business Times
S&P Global Japan Services PMI
More: The Business Times, investingLive
U.S. Trade Deficit Narrows Slightly to $105 Billion in September
Bitcoin rebounds past $80,000 as markets shrug off midterms and Binance hack
Prediction markets:
KalshiWill BTC trimmed mean be below $70000.00 by 11:59 PM ET on Nov 30, 2026?
Bitcoin below $70,000.00: 42% · Closes · Quote captured
PolymarketWill the price of Bitcoin be between $74,000 and $76,000 on November 5
53% · Closes · Quote captured
More: Investor's Business Daily, Investing.comopen, CoinDeskopen, CNBC TV18open, Anadolu Agencyopen
Dot-Com Lessons for the AI Bubble
Financing the AI boom – In Conversation with Imène Rahmouni-Rousseau
More: The Overshoot
Australia trade surplus nearly triples forecasts as gold imports dive in September
More: investingLive, Anadolu Agency
Brazil Holds Rates Steady After Election Blurred Policy Outlook
More: Banco Central do Brasilopen, Agencia Brasilopen
More News
Bloomberg · Nov 5 at 8:04 AM PST
Bloomberg · Nov 5 at 6:30 AM PST
CNBC · Nov 5 at 2:40 AM PST
Bloomberg · Nov 4 at 9:00 PM PST
Reuters · Nov 5 at 3:30 AM PST
The Wall Street Journal · Nov 4 at 3:06 PM PST
Earlier
CNBC · Nov 4 at 5:23 AM PST
U.S. Bureau of Economic Analysis · Nov 4 at 5:30 AM PST
Bloomberg · Nov 4 at 5:16 AM PST
Reuters · Nov 4 at 7:45 AM PST
