The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%.

The Bank of England looks likely to cut interest rates next week, when it could also nudge investors to expect faster reductions than they currently predict as the economy flatlines. Economists polled by Reuters unanimously expect the BoE to cut its benchmark rate to 4.

The Bank of Canada’s independence could be tested as Mark Carney, former governor of both the Bank of Canada and the Bank of England, is now running for leader of the Liberal Party.

In a report following its review of actions taken in response to the pandemic, the Bank of Canada committed to using an exit condition for quantitative easing (QE) in the event it’s needed again, and to communicate more clearly the rationale behind the use of the program.

Mark Carney, the first non-Brit to run the Bank of England since it was founded in 1694 and the former head of Canada’s central bank, said Thursday he is entering the race to be Canada’s next Prime Minister following the resignation of Justin Trudeau.

The whole episode has reintroduced two broader market fears - the concentration of broad index (.SPX), opens new tab fortunes in a handful of outsize tech stocks, and whether the hundreds of billions of dollars of investment spending in AI development by many firms is really worth it longer term.

Mark Carney, a former Bank of Canada and Bank of England head, announced his bid for Canada's prime minister. He criticized current PM Justin Trudeau'

LONDON, Jan 24 (Reuters) - The Bank of England must contend with a slowdown ... volatile trade ahead of new financial year 7:36 AM UTC Canada's main stock index rose on Wednesday led by mining ...

Carney reportedly saw the Bank of England position as a stepping stone for his political ambitions in Canada when Trudeau stood down. After months of speculation, Mark Carney, the former Bank of England governor, has announced he will run to succeed Justin ...

Donald Trump hadn’t even settled into office before his presidency dominated politics — not only in the United States but also in Canada. His threat of across-the-board tariffs of 25% and musings about conquering the country with which the US shares the world’s longest undefended border startled politicians north of the 49th parallel — as well as journalists,

The Bank of England said on Tuesday it had opened the Contingent Non-Bank Financial Institution Repo Facility for applications.

GBP/USD lost around 0.2% on Thursday as Cable traders await meaningful news.