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Federal Reserve's Mousalem says interest rates may need to rise further to curb inflation

Bank of Canada Governor Tiff Macklem said policymakers don't want to be late to hike interest rates should inflationary pressures prove more stubborn.

BoC’s Macklem: Rate decisions must look beyond initial Oil shock

Rising inflation risks and the Fed’s recent decision to raise borrowing costs have prompted Bank of America to pencil in two more interest-rate increases in South Africa this year.