G20 Examines Debt Distress in Others, While Ignoring Own Challenges

Thailand’s central bank kept its benchmark interest rate unchanged for a third straight meeting, to support an economy recovering from higher energy costs triggered by the Middle East conflict.

Household energy costs in the UK will rise in October with the Middle East conflict pushing up wholesale gas and electricity prices, adding to inflationary pressures across the economy.

Middle East war continues to push up prices ahead of the winter

European Central Bank Executive Board member Isabel Schnabel said interest rates must rise further as the lengthy conflict in the Middle East and surprisingly strong euro-zone economy pose upside risks to inflation.

Bank Indonesia’s acting chief Destry Damayanti said she would focus on maintaining stability and act preemptively to steady the rupiah, as lawmakers vetted her for a full five-year term to lead the monetary authority.

Increased purchases of debt threaten to undermine central bank chief Kevin Warsh’s bid to tame inflation