The hike — the 12th in a row — puts more pressure on borrowers
Crypto is too volatile to replace the basic function of money, according to a report
The quarter-point increase comes a day after the Federal Reserve's identical move
Holding cash and waiting for buying opportunities may still be a good strategy
The European Central Bank said it's monitoring current market tensions closely
In a speech, the Bank of Canada's senior deputy governor touted the advantage of independent monetary policy
Inflation has slowed but is still fuelling a cost-of-living crisis, public-sector strikes and fears of recession
The increase comes even as the European economy slows
Settlement balances helped finance pandemic quantitative easing
Central banks must contend with hot labour market but avoid overtightening