The RBNZ, Bank of Canada, Fed, ECB and BoJ all announce policy this week, with pricing pointing to hikes in New Zealand and Canada and holds elsewhere. Guidance on December is likely to matter more than the decisions themselves.
Eurozone business activity expanded at its slowest pace in four months in October, with the flash composite PMI falling to 51.9 from 53.1, missing expectations and complicating the ECB's rate path.
Germany's producer price index rose 6.7% year-on-year in September, above the 6.2% forecast and up from 4.6% in August, as energy costs pushed wholesale inflation to its highest level since March 2023.