Central Banking

The Bank of Canada lowered its benchmark interest rate for a third consecutive time, reducing its trend-setting policy rate to 4.25% on Wednesday (Sept. 4). The central bank explained that it made the decision because the Canadian economy increased by 2.1% in the second quarter, a stronger growth than the institution had projected. Additionally, Canada’s annual inflation rate fell to 2.5% in

The Bank of England (BoE) hiked interest rates for the eleventh time in a row to 4.25% on Thursday (March 23), in line with expectations, and pushing borrowing costs to fresh 2008-highs. The policymakers emphasized they would continue to monitor the domestic economic trends, stressing that additional tightening can be anticipated if data indicate that inflationary pressures remain elevated. The BoE has been

Reserve Bank of Australia Governor Philip Lowe signaled on Tuesday (June 21) more interest rate hikes as the central bank strives to ensure that inflation returns to the target range over time. “As we chart our way back to 2 to 3 percent inflation, Australians should be prepared for more interest rate increases,” Lowe said in a speech to the American Chamber