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ECB’s Lane: High inflation due to energy shock is driving hawkish ECB sentiment

European Central Bank (ECB) Chief Economist Philip Lane said in an interview with ANSA, released during the European trading session on Tuesday, that energy shock-led inflationary pressures are key driver to the high interest rates narrative.

ECB’s Lane: High inflation due to energy shock is driving hawkish ECB sentiment

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Jamaica Misses Revenue Target by US$197 Million

Jamaica's revenue and grants came in about US$197 million below budget in April to August, and the government responded by spending less than planned.

  • Jamaica's government collected $197 million less in revenue than expected
  • Non-tax revenue dropped to $157 million, down from $575 million last year
  • Government faces $367 million fiscal deficit, primary surplus at $104 million

Bahamas Sets 8 October Hearing on Banco Master Fund

Banco Master's liquidator alleges a Bahamas fund topped a structure that moved money out of the failed Brazilian bank, some of it into Aspen and Miami homes.

  • Supreme Court of Bahamas to hear Banco Master Fund winding up petition on 8 October.
  • Alleged $5.2 billion in assets held by Bahamian offshore holding company FAEX.
  • Banco Master bank's banker Daniel Vorcaro under investigation in Brazil.

More from Tuesday 6 October →