Bank of England hikes interest rate for the first time since Iran war, warns inflation will near 5%
One policymaker voted to raise the bank's key interest rate to 4.25%.
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Euro zone inflation hits 4% for first time in three years as interest rate hike looms
It was driven by energy inflation, which surged above 20% in October.
Australia hikes rates to 18-year high to fight inflation
The Reserve Bank of Australia's decision was in line with expectations from economists polled by Reuters, and marked its fifth rate increase this year.
Third-quarter U.S. GDP increases a better-than-expected 3.4% as September inflation accelerates
The personal consumption expenditures price index was projected to increase 0.5% in September for an annual rate of 3.7%, according to the Dow Jones consensus.
UK inflation jumps to 3.5% — cementing rate hike expectations
U.K. inflation rose by a hotter-than-expected 3.5% in the 12 months to September, driven by the surging cost of motor fuels.