inflation
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U.K News / US News
Bank of Canada Raises Interest Rate to 2.50% in First Hike Since 2023
The Bank of Canada raised its key policy interest rate by 25 basis points to 2.50% on Wednesday, 28 October 2026, its first increase since July 2023. Governor Tiff Macklem said the move was needed to stop elevated energy prices spilling over into broader inflation, while warning that further increases may be needed but will be approached carefully. The decision,…
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Federal Reserve Holds Interest Rates at 3.75–4% in 10–2 Vote as December Hike Odds Climb
The Federal Reserve holds interest rates at 3.75% to 4% after its meeting on Wednesday 28 October 2026 in Washington, pausing one month after its first rate rise in three years. The decision keeps borrowing costs unchanged while inflation stays above the central bank’s 2% target, and it sets up a closely watched meeting on 8–9 December 2026 as the…
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