British businesses' expectations for consumer price inflation in one year's time rose to 9.5% last month, up from 8.4% in August, a Bank of England survey showed on Thursday, Reuters reported. The BoE's Decision Maker Panel survey of chief financial officers also showed that businesses expected output prices to rise by 6.6% in the year ahead, up from expectations of 6.5% in August. The survey was conducted between Sept. 2 and 16 and received 2,522 responses. Read more.

The Swiss National Bank is following the situation at Credit Suisse closely, SNB Governing Board member Andrea Maechler told Reuters on Wednesday. Switzerland's second-biggest bank saw its shares slide by as much as 11.5% and its bonds hit record lows on Monday, before clawing back some of the losses, amid concerns about its ability to restructure its business without asking investors for more money. "We are monitoring the situation," Maechler said on the sidelines of an event in Zurich.

The derivatives-based investment strategy that tipped the U.K.’s pension sector into crisis started with good intentions: Help companies fulfill promises they made to employees to pay a steady income through retirement, the Wall Street Journal reported. Behind the push into that strategy, say pension trustees and their advisers, was the Pensions Regulator, the U.K.’s powerful watchdog, charged with safeguarding the savings of millions of private-sector workers. The regulator steered private pension funds to adopt liability-driven investments, known as LDIs, linked to returns on U.K.

The National Bank of Poland (NBP) kept its main interest rate on hold at 6.75% on Wednesday, it said, opting to leave borrowing costs unchanged despite soaring inflation as it warned of an economic slowdown in the coming months, Reuters reported. With regional peers finishing monetary tightening cycles, Polish policymakers had also signaled that the end of rate hikes was near. However, with inflation rising to 17.2% in September, the highest since 1997, most economists had predicted that the cost of credit would continue to rise.

Hungary's central bank accepted 2.093 trillion forints ($4.90 billion) worth of bids from banks at its first floating-rate two-month deposit tender on Wednesday as part of its efforts to drain forint liquidity and tighten monetary conditions further, Reuters reported. The National Bank of Hungary (NBH), which ended its cycle of rate hikes last month taking the base rate to 13%, has said it would deploy an array of tools to tighten liquidity conditions from this month, including the new deposit instrument.

Romania unexpectedly pressed ahead with a robust pace of monetary tightening, raising borrowing costs to the highest level in over a decade to combat persistent inflation, Bloomberg News reported. The central bank in Bucharest lifted its benchmark interest rate by 75 basis points to 6.25% on Wednesday, following a similar decision at its last meeting in August. Only five out of 15 economists in a Bloomberg survey predicted the move, while most analysts saw a step of 50 basis points; one predicted a 25 basis-point hike.

Ukrainian Central Bank Governor Kyrylo Shevchenko abruptly submitted his resignation on Tuesday, citing health reasons in a Facebook post, Reuters reported. "Due to health-related issues that can no longer be ignored, I have made a difficult decision for myself. I am leaving the post of the head of Ukraine's National Bank," he said. Shevchenko, who assumed the post in July 2020 promising to maintain the bank's independence and cooperation with the International Monetary Fund, said he had submitted his letter of resignation to President Volodymyr Zelenskiy and asked him to accept it.

The majority of funds made available as part of the European Union's pandemic recovery fund have not yet been disbursed, Chancellor Olaf Scholz said on Tuesday when asked about the possibility of further joint debt to address the energy crisis, Reuters reported. "These funds have overwhelmingly not been spent yet," Scholz said after a meeting with the Dutch prime minister in Berlin, adding that this support could be "particularly effective" now that a second crisis has followed the COVID-19 pandemic.

Germany is ready to discuss measures that could contain gas and power prices in the European Union, German Finance Minister Christian Lindner said on Tuesday, Reuters reported. "We need to tackle this problem at its roots.

Asset managers including Blackrock Inc. and Schroders Plc are limiting institutional investors’ withdrawals from some UK property funds after a wave of requests to move money, Bloomberg News reported. Schroders’ UK Real Estate fund has deferred redemptions due at the start of October to as late as July 2023, which will give the £2.8 billion ($3.2 billion) fund more time to ensure it has enough cash to cover the payments, according to a statement on its website.