Monetary Policy

Top central bankers assert need for higher interest rates to tackle persistent inflation

Economic Indicators

Top central bankers assert need for higher interest rates to tackle persistent inflation

Despite rate increases, Fed chairman says rates "haven't been restrictive very long"

By David Mchugh, The Associated Press  and  Christopher Rugaber, The Associated Press |June 28, 2023

4 min read

Canada’s inflation rate tumbles to 3.4%, but forecasters still expect July rate hike

Economic Indicators

Canada’s inflation rate tumbles to 3.4%, but forecasters still expect July rate hike

The long-awaited decline in food inflation has yet to come

By Nojoud Al Mallees, The Canadian Press |June 27, 2023

2 min read

Most forecasters expect BoC to raise interest rates again in July

Economic Indicators

Most forecasters expect BoC to raise interest rates again in July

A dip in inflation may not be enough to stop another rate hike

By Nojoud Al Mallees, The Canadian Press |June 23, 2023

3 min read

U.K. recession fears mount after Bank of England hikes borrowing rates by more than expected

Economic Indicators

U.K. recession fears mount after Bank of England hikes borrowing rates by more than expected

With inflation at 8.7%, monetary policy committee raised interest rate to 5%

By Pan Pylas, The Associated Press |June 22, 2023

3 min read