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  • Reuters

    Bank of Canada will likely need to hold rates above 4% in 2023 -IMF

    The Bank of Canada will likely need to keep interest rates at or above 4% for most of 2023 to cool an overheated economy and tame high inflation, the International Monetary Fund (IMF) said in a report. The central bank's benchmark overnight interest rate currently stands at a nearly 15-year high of 4.25% after a 50 basis point hike announced on Wednesday. The IMF, in its annual review of Canada's economy released late Thursday, said "the key immediate priority is to bring inflation down without triggering a recession," and that it welcomed the Bank of Canada's "decisive policy tightening."

  • GlobeNewswire

    KBC Group: KBC report on the 2022 EBA Transparency Exercise

    Press Release Outside trading hours - Regulated information* Brussels, 9 December 2022 – after trading hours KBC report on the 2022 EBA Transparency Exercise KBC notes the announcements made today by the European Banking Authority (EBA) and the European Central Bank (ECB) regarding the publication of the EU-wide Transparency Exercise. The information of this 2022 EU-wide Transparency Exercise refers to the reported data as of 30 September 2021, 31 December 2021, 31 March 2022 and 30 June 2022. T

  • Motley Fool

    Why Tesla Stock Revved Higher on Friday

    Tesla (NASDAQ: TSLA) investors have been having a rough week. Through close of trading Thursday, shares of the electric car stock leader fell 11% from last week's close, as multiple reports of production slowdowns in Shanghai dinged the stock -- but there's better news for Tesla today. As of 11:20 a.m. ET, Tesla stock is up 4.1%, despite more news of production slowdowns in China.