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The Bank of England delivered the biggest interest rate hike in 33 years on Thursday, joining its global peers in aggressive tightening to bring inflation down from double-digits, even as the U.K. economy is forecast to remain in a prolonged recession. The nine-member Monetary Policy Committee decided to raise the bank rate by 75 basis points to 3.00 percent from 2.25 percent.

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Switzerland's consumer price inflation eased more-than-expected in October to reach its lowest level in five months, data from the Federal Statistical Office showed on Thursday.

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The Federal Reserve on Wednesday announced its widely expected decision to raise interest rates by another 75 basis points. Citing efforts to achieve maximum employment and inflation at the rate of 2 percent over the longer run, the Fed announced its decision to raise the target range for the federal funds rate to 3.75 to 4 percent.

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Germany's exports dropped unexpectedly and imports logged its first time fall in eight months in September, official data revealed on Wednesday. Exports dropped 0.5 percent month-on-month, Destatis reported. This was followed by a 2.9 percent rise in August. Shipments were expected to gain 0.1 percent.

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The total number of building permits issued in Australia was down a seasonally adjusted 5.8 percent on month in September, the Australian Bureau of Statistics said on Wednesday - coming in at 16,455.

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