The European Central Bank shouldn’t hurry to lower interest rates or spend too long right now contemplating how far and how quickly they should fall, according to Governing Council member Bostjan Vasle.

Rene Haas, the chief executive officer of Arm Holdings, says AI’s impact will be ‘quite, quite dramatic’ and there’s no holding back smart cars.

The European Union said it still sees “significant remaining gaps” with Beijing after eight rounds of negotiations aimed at avoiding tariffs on Chinese-made electric vehicles that are due to kick in by the end of this month.

The world economy is set to rely even more heavily on the BRICS group of emerging economies to drive expansion, rather than their wealthier Western peers, according to the International Monetary Fund’s latest forecasts.

The Group of Twenty’s finance ministers and central bankers see a “soft landing” for the world economy, but warned of mounting risks.

Germany’s business outlook improved in October — adding to evidence that the country’s economic downturn may be ending.

The US election next month will be a clash of visions that reverberates through the global economy for years to come.

China’s central bank kept its one-year policy rate unchanged, after slashing funding costs by the most on record a month ago, suggesting authorities are cautiously pacing monetary stimulus to support the economy.

President Xi Jinping’s boldest economic stimulus since the pandemic failed to impress global luminaries gathered in Washington this week, who called for more measures to rebalance China’s growth and greater clarity over Beijing’s policy plans.

The European Central Bank mustn’t keep interest rates too high for too long, according to Governing Council member Martins Kazaks, who said weakness in the euro-zone economy is now his “single biggest concern.”

European Central Bank Governing Council member Pierre Wunsch said it’s far too early to start considering a half-point interest-rate reduction in December.

China is pressuring its automakers to pause expansion in the European Union due to the escalating trade conflict over electric vehicles, people familiar with the matter said.

Views among European Central Bank officials about where to take monetary policy are starting to diverge as the institution’s 2% inflation target moves within close reach.

The downtrend in private-sector activity in the euro-area extended into a second month with the region’s two top economies weighing on output and little sign of a recovery to come.

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Germany is trying to cultivate India as a source of trade and geopolitical support as its deteriorating relations with China cast a pall over the country’s economic future.

The European Central Bank will most likely lower interest rates by another 25 basis points this year even as upside inflation risks linger, said Governing Council member Robert Holzmann.

Russian President Vladimir Putin said the newly expanded BRICS group showed that a “multipolar world” is being created, in a challenge to the US-dominated global order.

Beijing’s latest blitz of economic policy measures is designed more to mitigate risks than to provide broad stimulus in the near term, according to Haibin Zhu, chief China economist at JPMorgan Chase & Co.

Goldman Sachs Group Inc. said the euro could drop as much as 10% versus the dollar if Donald Trump and the Republicans win next month’s US elections and enact high global tariffs and generous domestic tax cuts.

Chinese President Xi Jinping and Indian Prime Minister Narendra Modi both praised expanding relations with Russia at bilateral meetings with President Vladimir Putin on Tuesday.

The European Central Bank must be agile with further interest-rate cuts to avoid the risk of acting too slowly, according to Governing Council member Francois Villeroy de Galhau.

An increasingly dire euro-area economy might exacerbate slowing consumer-price growth, according to European Central Bank Governing Council member Olli Rehn.

The International Monetary Fund lowered its global growth forecast for next year and warned of accelerating risks from wars to trade protectionism, even as it credited central banks for taming inflation without sending nations into recession.

The direction of European Central Bank borrowing costs is clear but the pace at which they’ll be lowered is still to be decided, according to President Christine Lagarde, who didn’t rule out bigger moves.

Central bankers are concerned that Donald Trump will unleash a new trade war if he returns to the White House, making their job much harder.

Federal Reserve Bank of Kansas City President Jeffrey Schmid said he favors a slower pace of interest-rate reductions given uncertainty about how low the US central bank should ultimately cut rates.

Federal Reserve Bank of San Francisco President Mary Daly said she expected the US central bank would continue cutting interest rates to guard against further weakening in the labor market.

Even before global finance chiefs fly into Washington over the next few days, they’ve been urged in advance by the International Monetary Fund to tighten their belts.