The UK chancellor said government departments must live within their means.

South Korea’s household lending growth slowed in September to its weakest since March, the Bank of Korea said on Thursday, ahead of next week’s policy decision. Household loans rose 600 bln won (about $444m) to 1,198.9 tln won, the smallest monthly increase since March. Mortgage lending rose 2.9 tln won, the weakest pace since April, as deposit-based jeonse lease transactions cooled and the supply of newly move-in-ready homes fell. Other household loans, including unsecured and stock-collateralised borrowing, fell 2.3 tln won, widening from a 600 bln won drop in August; the central bank cited reduced retail equity investment, quarter‑end sales weakness, bad-loan write-offs and seasonal bonus inflows as drivers.

New York silver futures slid 5.00% intraday to $56.54/oz.