Current economic and financial market outlook
- The ECB raised interest rates by 25 basis points in September. The interest rate on the deposit facility is now at an all-time high of 4%. The central banks in Switzerland, England, Japan and the USA did not raise interest rates.
- The price of Brent crude oil has risen by about 30% since June. This is slowing the decline in inflation.
- China's real estate crisis is weighing on the economy and fuelling concerns about a stronger global growth slowdown.