The global interest rate outlook is today in focus amid inflation figures in Europe and ahead of a key speech by Federal Reserve chair Jerome Powell.
Powell is expected to reiterate that the fight against inflation is far from over, fuelling expectations that policymakers will lift rates by another 0.5% in December.
Today’s inflation reading for the eurozone showed a weaker-than-expected figure of 10%, down from the previous month’s record 10.6% as attention turns to the potential for European Central Bank to hike rates by at least another 0.5% next month.
And a range of London branches of HSBC are to close as the bank slashes its network by a quarter
