The central bank lifted its policy rate sharply as the country reels from war-fuelled price rises and faces further risk from an approaching 'super' El Nino.

Initial filings for US unemployment insurance slipped to a seasonally adjusted 194,000, among the lowest readings since the 1960s. The data points to a continuing trend of low layoffs across the American labor market.

New Zealand's annual inflation rate tumbled to 3.7 percent. The slowdown has raised the odds that the Reserve Bank will lift its benchmark interest rate at next week's policy meeting, even as price pressures are forecast to pick up again soon.

Norway's sovereign wealth fund, the world's largest, posted a $30 billion loss in the third quarter after a bond market slump hit its holdings. Norges Bank Investment Management, which runs the roughly $2.3 trillion fund, said returns on its bond portfolio turned negative as yields rose.

Finance ministers from the Asia-Pacific Economic Cooperation forum reached consensus on cooperating on artificial intelligence and digital financing technology at a two-day meeting in Hong Kong. China's finance minister, Lan Foan, said the outcomes would help shape talks at next month's leaders' summit in Shenzhen.

Nigeria's finance minister, Taiwo Oyedele, said excessive money creation by the central bank and heavy petrol subsidy spending have driven up inflation pressures nationwide. He linked roughly 30 trillion naira in monetary financing directly to the price surge squeezing households and businesses.

Britain's annual inflation rate accelerated more than expected in September, rising to 3.5% on surging fuel prices. The data lands a week before the government presents its autumn budget, and as UK public-sector net debt tops £3 trillion.

US housing data weakened further in September, according to separate reports released Tuesday, even as the Federal Reserve weighs additional interest-rate increases. The figures add to signs that higher borrowing costs are weighing on home sales and construction activity. Economists say the reports complicate the central bank's next policy decision.

Monetary Authority of Singapore chief economist Edward Robinson said AI-driven productivity gains could eventually let central banks adopt a more accommodative monetary policy.

Japan's Ministry of Finance sold 20-year government bonds on Tuesday to the strongest investor demand on record for that maturity. Elevated yields drew renewed buying from domestic institutions.

Japanese Prime Minister Sanae Takaichi denied on Monday that her government's policies are responsible for the yen's weakness or rising interest rates, pushing back against concerns that her administration favors a more expansionary fiscal stance. Her comments came as currency traders and economists debate how far Tokyo will go to support growth.

New Zealand's economic recovery is progressing slowly, with employment and retail spending both still contracting, according to Bank of New Zealand senior economist commentary. The bank linked the weak results to ongoing pressure on household incomes across the country.

Paraguay's Association of Banks, representing 14 private lenders, has asked the Central Bank to report on the solvency of institutions that received facilities during merger processes. The request follows calls from both ruling-party and opposition senators for the bank's leadership to be removed. The pressure also touches President Santiago Peña's administration.