After last month’s mirror-image move, when both raised rates a quarter point, the two central banks have begun to diverge again.

Source: https://www.nytimes.com/2023/06/15/business/ecb-interest-rates-europe.html

A quarter point jump in the cost of borrowing, currently at 4 per cent, had been widely expected when the Bank of England's rate-setting Monetary Policy Committee meets this week.

Source: https://www.dailymail.co.uk/money/markets/article-11875493/Market-chaos-leaves-rate-rise-hanging-balance.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

During the fourth quarter, we saw continued volatility in markets with rising interest rates and another increase of a quarter point last week.

Source: https://seekingalpha.com/article/4591032-avino-silver-and-gold-mines-ltd-asm-q4-and-year-end-2022-financial-results-conference-call?source=feed_all_articles

If tomorrow’s report is too hot, Fed swaps could start to fully price in two quarter point rate hikes and be on the fence about a third one.

Source: https://www.marketpulse.com/20230213/us-open-stocks-edge-higher-standard-hawkish-speak-from-feds-bowman-oil-drops-on-demand-risks/

Some economists said yesterday’s rate hike – a step up in pace from recent quarter point rises – was a panicked response after the Bank had been too hesitant to raise rates over recent months.

Source: https://www.dailymail.co.uk/money/markets/article-12224569/Bank-hits-button-jumbo-hike-0-5-rise-come-late.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

The ECB rate hike came less than a day after its US counterpart, the Federal Reserve, although also hiking by a quarter point, left open the possibility that the US could soon enjoy a pause from further increases.

Source: https://www.irishexaminer.com/business/economy/arid-41131651.html