Bank of Canada hikes less than expected

Source: Dukascopy Bank SA
At 14:00 GMT, the Bank of Canada announced its latest Overnight Rate hike. The central bank increased its base interest rate by 0.50% instead of the market expected 0.75%.
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Thu, 27 Oct 2022 12:19:31 GMT

ECB hikes by 0.75%

The European Central Bank just hiked its base interest rate by 0.75% up from 1.25% to 2.00%. The markets expected the 0.75% hike and it was assumed to be priced in. However, on the announcement the Euro declined in value, which was attributed to the fact that some market participants expected a 1.00% rate increase.

Thu, 27 Oct 2022 14:30:06 GMT

European banks profit on rising rates

Reuters has reported that Europe's banks had been beating their profit expectations due to volatile markets and high interest rates.

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