Monetary Policy

New BoC deputy governor, U.S. Fed nominees announced Fallback Image Decorative pattern

Industry

New BoC deputy governor, U.S. Fed nominees announced

Rhys Mendes will become Bank of Canada deputy governor in July while Biden has made two Federal Reserve nominations

By Nojoud Al Mallees, The Canadian Press  and  Christopher Rugaber, The Associated Press |May 12, 2023

5 min read

BoE raises U.K. interest rates to highest level since 2008 BoE raises U.K. interest rates to highest level since 2008

Economic Indicators

BoE raises U.K. interest rates to highest level since 2008

The hike — the 12th in a row — puts more pressure on borrowers

By Pan Pylas, The Associated Press |May 11, 2023

3 min read

BoC can address banking system stress, even as it fights inflation: Macklem Fallback Image Decorative pattern

Economic Indicators

BoC can address banking system stress, even as it fights inflation: Macklem

Central bank is prepared to raise interest rates further if required

By Nojoud Al Mallees, The Canadian Press |May 4, 2023

3 min read

European Central Bank slows pace of rate hikes but vows more European Central Bank slows pace of rate hikes but vows more

Economic Indicators

European Central Bank slows pace of rate hikes but vows more

The quarter-point increase comes a day after the Federal Reserve's identical move

By David Mchugh, The Associated Press |May 4, 2023

3 min read