ECB meeting minutes: A series of model-based simulations suggest that a deposit rate in a range of around 3.75% to 4.00% should be consistent with a return to the inflation target.

ECB meeting minutes: The decision between raising interest rates and pausing is very difficult.

ECB meeting minutes: The ability to keep inflation expectations stable despite a prolonged period of above-target inflation is seen as a major achievement.

ECB meeting minutes: Some members expressed a preference to keep interest rates at current levels.

ECB meeting minutes: Not raising interest rates may also send a signal that the Executive Council is more worried about the economy and a potential recession than excessive inflation.

ECB meeting minutes: The pause may trigger market speculation that the tightening cycle has ended.

ECB meeting minutes: Focus was also on the upward revision of headline inflation forecasts for the next two years.

OPEC Monthly Report: Lowers OPEC’s crude oil demand forecast for 2023 by 0.1 barrels per day to 29.1 million barrels per day.

US Secretary of State Blinken: At least 25 US citizens were killed in the attack.

OPEC monthly report: Secondary data show that Gabon’s crude oil production decreased by 3,000 barrels per day in September to 208,000 barrels per day.

OPEC monthly report: Secondary data show that Iraq’s crude oil production increased by 15,000 barrels per day in September to 4.307 million barrels per day.

OPEC monthly report: Secondary data show that Libyan crude oil production increased by 10,000 barrels per day in September to 1.164 million barrels per day.

US Secretary of State Blinken: Actively promote diplomatic efforts to prevent the spread of conflict.

OPEC monthly report: Secondary data show that Venezuela’s crude oil production decreased by 25,000 barrels per day in September to 733,000 barrels per day.

OPEC monthly report: Secondary data show that Congo’s crude oil production remained unchanged at 259,000 barrels per day in September.

OPEC monthly report: Secondary data show that Angola’s crude oil production decreased by 4,000 barrels per day in September to 1.119 million barrels per day.

OPEC monthly report: Secondary data show that Nigeria’s crude oil production increased by 141,000 barrels per day in September to 1.390 million barrels per day.

OPEC monthly report: Secondary data show that Algeria’s crude oil production increased by 17,000 barrels per day in September to 957,000 barrels per day.