Bloomberg National Bank of Canada Chief Executive Officer Louis Vachon said the Bank of Canada (BoC) is being “prudent” in reducing government bond purchases and hinting it may raise interest rates earlier than expected. “We don’t know how this thing will evolve — we’re navigating in uncharted waters,” Vachon said in an interview after the bank’s annual meeting. “But by …

Bloomberg The Reserve Bank of India (RBI) restricted American Express Banking Corp (Amex) and Diners Club International Ltd (Diners) from adding new local customers, citing non-compliance with data-storage rules. The order will take effect from May 1 and won’t impact existing customers, the RBI said in a statement. The firms are the first to be penalized under India’s data-storage rules …

Bloomberg The Bank of Russia unexpectedly raised its key interest rate by 50 basis points and signalled more tightening as ruble volatility contributed to inflation risks. The benchmark rate was raised to 5%, the Bank of Russia said in a statement. Thirteen economists out of 41 analysts forecast the move, while 28 expected a smaller cut, according to a Bloomberg …