Central bank sends cost of debt higher
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Canadians are paying more to borrow money for homes, cars and other purchases today after a quarter-point interest-rate increase by the Bank of Canada yesterday was quickly matched by the chartered banks.
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His comments came as the central bank revealed increasing pressure on the hryvnya currency.
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The cost of borrowing headed higher as yields on the 10-year Treasury note hit a five-year high, climbing to 5.248 percent.
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The Bank of England raised its key interest rate by a quarter-point to 5.75 percent on Thursday, the highest level for more than six years, in a bid to dampen inflation.
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Creditors put more pressure on debt-soaked borrowers.
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Treasury debt prices jumped on Friday  after a soft U.S. jobs report revived speculation the Federal  Reserve may not raise interest rates as far and fast as the  market had feared.
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Treasury debt prices rose sharply on  Friday after a soft report on U.S. payrolls revived speculation  the Federal Reserve may soon pause in raising interest rates.
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India&#39;s central bank unexpectedly raised a key interest rate for the first time in more than four years, saying record oil prices and rising corporate demand for credit threaten to fuel inflation.
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NEW DELHI India&#39;s central bank on Tuesday unexpectedly raised a key interest rate for the first time in four years, saying that soaring commodity prices and corporate demand for credit threatened to fuel inflation.
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Treasury debt prices climbed on Thursday as higher jobless claims, a widening trade deficit and record high oil prices gave the market a positive tilt.
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The U.S. Federal Reserve on  Wednesday raised interest rates for a sixth straight time,  extending a policy of gradually lifting borrowing costs to  levels high enough to ward off inflation pressures.
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China's central bank on Thursday raised interest rates for the first time in nearly a decade in its boldest move yet to guide its heated economy to a path of slower growth.
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The US Federal Reserve increases the amount of money available as it seeks to ease the credit crunch.
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China's central bank raised interest rates Thursday for the first time in nearly a decade, signaling a deep unease with the breakneck pace of development and an intent to curb fears of runaway inflation.
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China's central bank yesterday raised interest rates for the first time in nearly a decade, signaling deepening unease with the breakneck pace of development and an intent to reign in a construction boom now sowing fears of runaway inflation.
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The euro hit a new record high of 1.3063 dollars, beating its previous record of 1.3047 set a day earlier.
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China's central bank on Thursday raised interest rates for the first time in nearly a decade in a surprise move that was the boldest so far aimed at guiding a heated economy onto a path of slower growth.