Breaking: Bank of Canada hikes policy rate by 75 bps to 3.25% – by FXstreetNews Breaking BOC CentralBanks InterestRate
With the initial reaction, USD/CAD edged lower from session highs but quickly recovered its losses. As of writing, the pair was up 0.3% on the day at 1.3190."Will be assessing how much higher rates need to go as the effects of tighter"Canadian inflation excluding gasoline increased in July and data indicate a further broadening of price pressures, particularly in services."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations UpdateThe RBA hiked rates by 50-bps this week, but additional 50-bps appear less likely moving forward. The September BoC rate decision could produce a 100-bps rate hike; beyond there, questions linger about their commitment to additional rate hikes.
Read more »
Posthaste: Why some economists aren't ruling out another 100 bps hike from the Bank of CanadaWhy some economists aren't ruling out another 100 bps hike from the Bank of Canada — via financialpost BoC ratehike
Read more »
Posthaste: Variable-rate mortgages growing in popularity despite Bank of Canada rate hikesICYMI: Variable-rate mortgages growing in popularity despite Bank of Canada rate hikes — via financialpost mortgages mortgagerates Variablerate
Read more »
Report: Saudi Arabia's Central Bank Hires Virtual Assets and Digital Currency Program Lead – Regulation Bitcoin NewsThe appointment of Al Zahrani suggests that the country, which banned crypto just over four years ago, has changed its stance toward cryptocurrencies. virtualassets regulation
Read more »
Sex workers say Wells Fargo shut their bank accounts: ‘Destroying our livelihoods’“I don’t bounce checks, I’ve never done anything bad with my bank account, I don’t have fraud alerts or do chargebacks,” adult performer Alana Evans said.
Read more »
BLACKPINK’s “Pink Venom” Deemed Ineligible For “Music Bank” K-Chart RankingsKBS has confirmed that BLACKPINK’s “Pink Venom” has been deemed ineligible for the “Music Bank” chart. “Pink Venom” has notably been absent from the weekly chart rankings on KBS 2TV’s “Music Bank” (which the music show refers to as “K-Chart”) ever since its release last month, even as two of BLACKPINK’s older songs—”Lovesick Girls” and
Read more »