-
Bank of Canada Signals Pause to Rate Hike Cycle
The Bank of Canada (BoC), as expected, boosted its benchmark overnight rate by 25 basis points to 4.5% on Wednesday morning, but somewhat surprisingly said it's going to at least temporarily pause on any future interest rate increases. "Inflation is projected to come down significantly this year," said the BoC in its policy statement. "If economic developments evolve broadly in line with the [bank's] outlook, Governing Council expects to hold the policy rate at its current level while it assesses the impact of the cumulative interest rate increases." Down for the day alongside a broad sell-off in risk assets, bitcoin ... (full story)
- Comments
- Subscribe
-
- Older Stories
-
From ibtimes.com|Jan 25, 2023American multinational financial services corporation Visa is looking to expand its role in the cryptocurrency industry and is currently working on multiple stablecoin and central ...
-
From fxempire.com|Jan 25, 2023On Wednesday, bitcoin (BTC) rose by 1.89%. Reversing a 1.24% decline from Tuesday, BTC ended the day at $23,054. Notably, BTC held onto the $23,000 handle for the first time since ...
-
From theblock.co|Jan 25, 2023Commodity Futures Trading Commission Commissioner Kristin Johnson is advocating for the agency to introduce new cryptocurrency rules while also calling on Congress to enhance the ...
-
- Newer Stories
-
From kitco.com|Jan 25, 2023The cryptocurrency market fell under pressure during early training on Wednesday and struggled to mount any momentum until later in the afternoon when prices started to trend ...
-
From blockworks.co|Jan 26, 2023Looking to the future, policymakers in Arizona referred an amendment to the state constitution in the Arizona State Legislature last week, seeking to exempt digital assets from ...
-
From theblock.co|Jan 26, 2023Robinhood's Twitter account was hacked earlier on Wednesday and used to promote a fraudulent crypto project. The hackers announced the launch of a new token called $RBH, which ...
- Story Stats
- Posted: Jan 25, 2023 11:03pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 82
- Linked events:
