The Bank of Canada lifted interest rates by half a percentage point to their highest level in 15 years, and has opened the door to a pause in its tightening campaign.
Skittish markets slash Aussie interest rate forecasts macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
They have significantly wound back pricing on the expected peak Reserve Bank of Australia cash rate, down from as much as 4.5 per cent tipped less than two months ago.