Bloomberg The cost of servicing UK government debt more than tripled in October from a year earlier due to surging inflation, leaving the budget deficit higher than economists forecast. Interest costs were 5.6 billion pounds ($7.6 billion) compared with 1.8 billion pounds in the same month in 2020, the Office for National Statistics (ONS) said. In the first seven months ...

Bloomberg The International Monetary Fund’s (IMF) executive board approved a $50 billion credit line for Mexico, reducing the amount it extended in previous years as it argues that the nation’s economic prospects have improved. The two-year flexible credit line, which is designed for crisis prevention, is Mexico’s ninth such consecutive agreement, and is about 20% less than the amount approved ...

Bloomberg Finland needs more steps to boost jobs and cut spending to stop public debt growth in the medium term, the International Monetary Fund (IMF) said, after concluding a health check on the Nordic country’s economy. The government’s planned employment measures are “unlikely to produce sufficient fiscal gains” to halt debt growth mid-decade given its pre-pandemic decision to expand the ...