Morning Brief – October 30, 2026 by CareEdge Ratings
Global
• US economy expanded at annualized 3.4% in the three months through September after growing 2.2% in the second quarter, according to an initial estimate issued by the Bureau of Economic Analysis.
• The European Central Bank left interest rates unchanged at its October 2026 meeting, as expected, keeping the main refinancing rate at 2.65% and the deposit facility rate at 2.50%.
• The Bank of Japan kept its key short-term policy rate unchanged at 1.25% at its October meeting, in line with market expectations. The decision followed a 25bps hike in September.
Domestic
India’s august Index of Services Production (ISP) data indicated a broad-based expansion in services sector activity, with growth recorded across 17 of the 19 subsectors.
• The finance ministry flagged elevated crude oil prices, food inflation and kharif crop uncertainty as key risks to price stability, while projecting 7.35% GDP growth in Q2 FY27.
• IMF has flagged the potential impact of the Super El Niño on India’s economy, warning that lower crop yields and higher food prices could weaken purchasing power. However, the risks have not yet materialised.
Above views are of the author and not of the website kindly read disclaimer
