Mark Carney endorses Bank of England's 'firm action' to hike rates - BNN Bloomberg

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Former Bank of Canada and Bank of England Governor Mark Carney voiced support for the surprise decision to raise the benchmark lending rate a half point Thursday, saying it’s right that officials get a grip on rising prices.

A coming recession might not be deep but it will likely be long: David RosenbergThe Daily Chase: Markets point to negative open; First-time homebuyers concerned with affordability​First-time homebuyers report elevated fears over down payment affordability: SurveyOSFI stability buffer hike could hurt bank profits, dividends: AnalystU.S.

stocks slip as investors worry if rally has legsCanada bank watchdog toughens capital rule with risks risingThe Daily Chase: Awaiting U.S. Fed commentary; Alibaba shakeupGlobal stocks slip on worry rally looks exhaustedThe Daily Chase: Muted start to trading week; Paris Air Show takes flightHigh government spending means more inflation? It's complicated, economists say

 

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Bank of England steps up inflation fight with shock rate hike to 5% - BNN BloombergThe Bank of England unexpectedly raised its benchmark interest rate by a half percentage point, stepping up its fight against the worst bout of inflation since the 1980s and warning it may have to hike again.
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