EUR News
LAST UPDATE: October 9, 2025
UK Treasury bars ministers from using emergency reserve to fund public-sector pay rises
The Treasury announced that government departments cannot tap the emergency reserve to finance pay raises, citing fiscal discipline ahead of the November budget. (Reuters)
Insight
This constraint sharpens budget pressures on departments and forces them to reallocate within existing budgets.
Bank of England’s Mann says ‘we’re not there yet’ on inflation expectations
BoE policymaker Catherine Mann argued that inflation expectations in the UK remain elevated, implying rates should stay restrictive for now. (Reuters)
Insight
Her remarks suggest the central bank may delay easing, risking slower growth but aiming to anchor inflation.
Hungary’s inflation expected to stay around 4% in rest of 2025, government says
Hungary’s inflation is projected to hover around 4% for the remainder of 2025, with potential easing below that in 2026, according to comments from the prime minister’s office. (TradingView)
Insight
Persistent inflation at this level constrains monetary easing and pressures fiscal policy, especially as debt costs remain elevated.
