The Bank of Canada raised interest rates for the first time in over three years, increasing its benchmark rate by 25 basis points to 2.50%. Further rate hikes are possible in the future! The Federal Reserve announced at 2 AM that it will not raise rates in October, with a 99% probability. A rate hike on December 10th is also 99% likely. The Reserve Bank of India also took action, raising rates by 25 basis points to 5.50%, its first increase in nearly four years. The Bank of England is highly likely to follow suit in early November. 中国The People's Bank of China: I'm not following suit, I'm going to loosen monetary policy!