Pedro Antunes tells Global News he expects the central bank to double its key overnight rate to one per cent at its announcement on Wednesday with an “oversized” increase of 50 basis points.

“With the economy moving into excess demand and inflation persisting well above target, the Governing Council judges that interest rates will need to rise further.” Bank of Canada Governor Tiff ...

The Federal Reserve raised interest rates by half a percentage point on Wednesday and projected at least an additional 75 basis points of increases in borrowing costs by the end of 2023 as well as a ...

The central bank has raised rates at a record pace of 400 basis points in nine months to 4.25% – a level last seen in January 2008 – to fight inflation that is far above its target.

The latest on the Bank of Canada's rate decision Mark Rendell The Bank of Canada raised its benchmark interest rate by 50 basis points, surprising markets with another oversized rate hike and ...

A strong majority of 90 per cent of economists, 26 of 29, expected a quarter-point rise on Jan. 25 to 4.50 per cent, according to a Jan. 17-20 Reuters poll, in line with interest rate futures.

The Bank of England is likely to deliver another interest-rate cut on Thursday, as tax hikes and wary consumers hamper ...

The Bank of Canada is widely expected to lower interest rates by 50-basis points at its next policy meeting scheduled for Oct. 23. Futures markets are betting on a larger rate reduction from Canada’s ...

‘Is it worth it to have a recession to get inflation down?’ Economists and NDP leader call on Bank of Canada to dampen rate hikes in face of looming recession and job losses.

Bank of Canada governor Tiff Macklem takes part in a news conference on Wednesday, Oct. 26. Photo by Patrick Doyle/Reuters The Bank of Canada raised its benchmark interest rate by a half point and set ...