Economy

Economy coverage from the StreamSage Economy desk. Sources on every story.

• Banxico holds rates steady at 6.5% for third straight meeting

  Mexico’s central bank paused to assess whether the recent slowdown in inflation will persist.

• Philippine home prices post seven-year low

  The Bangko Sentral ng Pilipinas reported a 0.4% year-on-year rise in Q2, down sharply from 4.5% in the prior quarter.

• Senegal aims to complete debt revamp within months, Faye says

  Senegal is seeking a $2.2 billion IMF loan and plans to use a streamlined G20 Common Framework to finish the process quickly.

• Riksbank holds rate steady for twelfth month

  The central bank flagged that an interest rate hike is now more likely this year as the Swedish economy rebounds.

• Australian Unemployment Rate Rises to 4.6% in August

  The increase in jobless numbers came as hiring also grew, shortly before the Reserve Bank considers raising rates.

• RBI Conducted at Least $10 Billion in FX Swaps

  The central bank used the transactions to drain liquidity from the financial system, according to Bloomberg Economics.

• Norges Bank Hikes Rate to 4.5% in Second 2026 Move

  The central bank's key deposit rate rose by a quarter point on Thursday, a move predicted by 11 of 21 forecasters in a Bloomberg survey.

• Bank Indonesia Holds Rates as Rupiah Pressure Builds

  The central bank kept its benchmark rate steady for the third straight meeting while using intervention to support the currency.

• French Composite PMI Hits 51.2, Fastest Growth in Two Years

  S&P Global data shows September activity outpaced expectations and returned to expansion territory for the first time since December.

• German Composite PMI Jumps to 53.8 in September

  S&P Global’s index rose from 51.8 in August to a level not seen since October 2025, driven by services.

• Euro-Zone Business Activity Hits Three-Year High on Services

  S&P Global's Composite PMI rose to 53.1 in September, beating the 51.7 expected by analysts in a Bloomberg survey.

• UK private sector growth cools to three-month low in September PMI

  S&P Global's purchasing managers' index fell to 51.7 from 52.5, slightly below the 52 expected by economists.

• US Investment in Spain Rises 84% in First Half of 2026

  American capital into the European nation outpaced the 31.2% growth seen in total foreign inflows during the same period.

• ECB to invest own funds in tokenized securities

  The European Central Bank will use a non-monetary portfolio to buy euro-denominated debt settling in central bank money through Pontes.

• Kenya $14 Billion Housing Plan Faces Financing Strain

  A lawmakers report links stalled projects and cost overruns to a funding squeeze in President Ruto’s 200,000 units annual program.

• Most Firms Keep Cash From Tariff Refunds, Atlanta Fed Survey Shows

  An Atlanta Fed survey of over 1,100 executives found that most companies receiving tariff refunds are holding onto the cash rather than spending it.

• Fed Unanimously Raises Rates by a Quarter Point

  The move came amid inflation above target and concerns from strategists about elevated diesel prices.

• Fed raises rates for first time since mid-2023

  The Federal Reserve lifted borrowing costs and indicated a further increase before the end of 2026.

• BOE to Unwind £368B of Gilts by 2034

  The Bank of England will remove its remaining QE-era bond holdings over nine years, selling £20 billion annually.

• Colombia Officials Pitch Deficit Plan to Wall Street

  Finance Minister Miguel Gómez and team told New York investors 2026 external borrowing may halve.