The Bank of Canada on Wednesday announced its widely expected decision to increase policy interest rates by 75 basis points.The Canadian central bank raised its target for the overnight rate to 3.25 percent, with the Bank Rate at 3.50 percent and the deposit rate at 3.25 percent. The bank also said it is continuing its policy of quantitative tightening.The 75 basis point rate hike marks the fifth ...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.