
Canada Rate Hike, China Banks Cut Dollar Deposit Rates
Bloomberg Daybreak: Asia Edition
00:00
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The Bank of Canada defied expectations by restarting its interest rate tightening campaign. Policymakers raised the overnight lending rate to four and three quarters percent, the highest since 2001. The move was expected by only one in five economists in a Bloomberg survey. Now traders are wondering whether other central banks are going to continue or are done with their own tightening.
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