News Feed
Spain orders olive oil mills to store 12% of output, taking about 188,000 tonnes off the market
The first use of the measure follows a forecast harvest of 1.6 million tonnes and producer prices near 3 euros a kilo, down from 4 a year ago.
Rate Brief — Currencies and central banks, read from the decision itself
ECB's new US financial conditions index gives the dollar the smallest weight
Rates dominate the new US Macro-Finance FCI, the dollar's exchange rate counts least, and the currency is the channel that pulls US and euro area conditions apart when policies diverge.
ECB staff estimate a defence spending multiplier near one and higher inflation
An Economic Bulletin article estimates that 1% of GDP more on defence lifts HICP inflation by up to 1.3 points cumulatively in year three, with large uncertainty and a strong dependence on what is bought.
BOJ staff trace how Japan's megabanks are building foreign-currency deposits
Transaction-level data show recent growth comes from existing non-Japanese depositors, and that cash-management services make deposits stickier and cheaper to acquire.
India plans ₹7.86 lakh crore of dated bonds from October to March
The RBI's second-half calendar spreads issuance over 23 weekly auctions from 3 to 50 years, with sovereign green bonds in the mix. A separate release sets the government's WMA limit at ₹50,000 crore.
Hungary's central bank lowers its inflation target to 2.5% from 2028
The Monetary Council kept the base rate at 5.50% on 22 September and set a lower medium-term target, keeping the ±1 point tolerance band. Its background analysis explains why.
This evening's currency stories are about plumbing, not prices
A new inflation target, a half-year bond calendar, tokenised sterling, and a study of how Japanese banks fund dollar loans. None moves a rate today; all change how money moves later.
UK banks complete the first live customer payments in tokenised sterling
Two remortgage completions and a private marketplace sale ran on the GBTD platform, with funds locked until conditions were met. Digital-asset settlement pilots are next.
Egypt's central bank holds its overnight deposit rate at 19%
Inflation has eased to 14.5% and the CBE cut its forecast, but it keeps policy unchanged, calling the current restrictiveness a buffer against regional and energy risks.
The US current-account deficit widens to $246bn, 3.0% of GDP
BEA's second-quarter figures show a larger goods deficit and $979bn of new liabilities to foreigners. Most of the $1.15trn fall in the net investment position came from price changes, not flows.
Euro area M3 growth edges up to 3.5% as money moves out of overnight deposits
August data show M1 slowing to 2.9% while marketable instruments jump to 7.1%. Lending to households held at 3.1% and to companies eased to 4.2%.