The Central Bank of Egypt raised its key rates by 100 basis points on 29 October 2026, taking the deposit rate to 20% and the lending rate to 21% in its first hike since March 2024.
The Bank of Canada raised its target for the overnight rate by 25 basis points to 2.50% on 28 October 2026, its first increase since July 2023, as inflation stayed around 3% and is expected to average 3% in 2027.
Pakistan's State Bank raised its policy rate by 50 basis points to 12% on 26 October 2026, effective 27 October. Nine of ten committee members backed the move, aimed at containing inflation pushed up by high energy prices.
· 4 min read
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