Foreign central banks reduced holdings of US Treasuries by $24.90 bln in the week to Oct. 30, after a $4.25 bln decline the prior week.

South Korea finance minister says government will take necessary measures to prevent the stock market from overreacting and materially deviating from fundamentals.

Two Monetary Policy Council (MPC) members, Henryk Wnorowski and Marcin Zarzecki, said a rate increase in Poland — the first since 2022 — is now expected within months and that a December hike cannot be ruled out. Their comments point to a more hawkish stance at the Polish central bank as the euro area and the Czech Republic have already tightened and Middle East-driven energy price rises boost inflation risk; they said a December move could pre-empt second-round effects from higher fuel prices. Governor Adam Glapinski earlier this week signalled the policy rate could be raised to 3.75% by early 2027.