The European Central Bank left its key interest rate unchanged Thursday as inflation remains under control and European businesses weather the impact of higher U.S. tariffs better than previously feared.

BoC cut its key interest rate by 25bps to 2.25%. The bank has also signaled it will likely pause any further rate cuts for the rest of the year. TD Bank's Francis Fong discusses the outlook.

Around this time last year, the Bank of Canada dropped the key interest rate by half a percentage point from 4.25% to 3.75%. Inflation in recent years caused the Bank to hike the key lending rate to 5% in the summer of 2023. The COVID-19 pandemic forced the Bank to lower its rate to 0.25% in March 2020 as the global economy came to a crashing halt.

The Federal Reserve cut interest rates by a quarter-point on Wednesday for the second time this year, not nearly as much as President Donald Trump wants

The weekly options data suggested a medium-term target for the Nifty 50 at 27,000, with 26,200 and 26,500 serving as immediate targets—provided 26,000 continues to hold as a crucial support level.

Russia's central bank on Friday cut its key interest rate to 16.5 percent and said growth had slowed to almost zero as the economy sags under the cost of the Ukraine offensive and Western sanctions. Russia's economy "continues to return to a balanced ...