(Repeats story published late Wednesday, no changes to text)
July 13 (Reuters) - The Bank of Canada on Wednesday delivered the first 100-basis-point rate increase among the world's advanced economies in the current policy-tightening cycle as officials there eyeballed "higher and more persistent" inflation.
In delivering their largest rate increase since 1998, BOC policymakers also noted the increased risk of price increases becoming entrenched. The increase leapfrogs the Fed's 75 basis points increase last month for the largest since central banks began responding to inflation in force earlier this year.
The BOC was not the only G10 central bank in action on Wednesday, with the Reserve Bank of New Zealand hiking by 50 basis points.
Here's a look at where policymakers stand in the race to contain inflation.
1) UNITED STATES
The Federal Reserve vaulted to the top-hawk spot on June 15, raising the target federal funds rate by three quarters of a percentage point to a 1.5%-1.75% range.
It acted days after data showed 8.6% annual U.S. inflation. An even hotter inflation reading on Wednesday of 9.1% year-over-year triggered a market frenzy over potentially even more aggressive responses in the coming months.
The Fed is also reducing its $9 trillion stash of assets accumulated during the pandemic.
2) NEW ZEALAND
The Reserve Bank of New Zealand delivered its sixth straight rate rise on Wednesday, lifting the official cash rate by 50 basis points to 2.5%, a level not seen since March 2016.
It remains comfortable with its planned aggressive tightening path to restrain runaway inflation.
Barclays said that after a 50-bps-rise in August, the balance of risk would shift towards 25-bps increments, reflecting increasingly evident signs of moderation in domestic growth.
3) CANADA
The Bank of Canada defied market expectations for a Fed-matching 75 basis points increase and said more hikes would be needed.
The move lifted the BOC's policy rate to 2.5% - the highest since 2008 - from 1.5%.
The jumbo hike, which sent Canada's dollar higher, was designed to "front-load the path to higher interest rates," the bank said.
4) BRITAIN
The Bank of England (BoE) raised interest rates by 25 bps on June 16, its fifth rate rise since December, taking rates to 1.25% -- the highest since January 2009.
Given that it sees UK inflation heading above 11%, it might well have to fulfil its promise to act "forcefully" if needed.
5) NORWAY
Norway, the first big developed economy to kick off a rate-hiking cycle last year, raised rates by 50 bps on June 23 to 1.25%, its largest single hike since 2002.