BOJ Raises Interest Rate to 31-Year High as Yen Weakens 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Central Banks Could Buy 20,000 Tonnes of Gold: BofA 
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Yen Sinks as BOJ Rate Hike Fails to Impress Markets 
RBA Set for September Rate Hike as Inflation Stays High 
RBA Hikes Interest Rate to 4.60% as Inflation Risks Rise 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
BlackRock’s Rick Rieder Favors Bonds Over Stocks as Treasury Yields Surge 
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The Bank of Canada maintained its policy rate at 2.25%, in line with market forecasts. In its opening statement, the BoC stated that tariffs and persistent trade uncertainty continue to weigh on corporate investment, but that the economy has demonstrated considerable resilience. It also noted that hiring intentions remain low, despite recent improvements in labor market circumstances.
The Bank anticipates inflation to remain moderate in the coming months, but warns that there may be some short-term "choppiness" in inflation data. However, policymakers emphasized that such volatility is likely to be temporary, and that underlying inflation remained around 2.5%.
Importantly, the statement reiterated that if inflation and economic activity evolve broadly in line with the October projection, the Governing Council believes the current policy rate is roughly appropriate to keep inflation close to the 2% target while supporting the economy during a period of structural adjustment.
