Bank of Canada raises interest rate: Read the official statement — via financialpost Canada Economy Interestrate
The Bank of Canada today increased its target for the overnight rate to 2.5 per cent, with the Bank Rate at 2.75 and the deposit rate at 2.5 per cent. The Bank is also continuing its policy of quantitative tightening .
Global inflation is higher, reflecting the impact of the Russian invasion of Ukraine, ongoing supply constraints, and strong demand. Many central banks are tightening monetary policy to combat inflation, and the resulting tighter financial conditions are moderating economic growth. In the United States, high inflation and rising interest rates are contributing to a slowdown in domestic demand. China’s economy is being held back by waves of restrictive measures to contain COVID-19 outbreaks.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of Canada raises interest rate: Read the official statementBank of Canada raises interest rate: Read the official statement — via financialpost Canada Economy Interestrate
Read more »
Bank of Canada expected to raise key interest rate by 0.75% WednesdayThe Bank of Canada will make its key interest rate announcement this morning as inflation remains well above its target. Many economists are forecasting the central bank will raise interest rates by three-quarters of a percentage point.
Read more »
Bank of Canada expected to raise key interest rate by 0.75% todayThe Bank of Canada will make its key interest rate announcement this morning as inflation remains well above its target.
Read more »
How This Week's 0.75% Bank of Canada Hike Will Impact BorrowersBuckle up, borrowers: interestrates are set for their largest one-time surge since 1979. Here's what you need to know. mortgagerates realestatenews cdnpoli
Read more »
'Behind the curve' Bank of Canada tees up super-sized 75 basis point hikeThe central bank is on a campaign to cool an overheated economy and rein in soaring inflation. Read more here.
Read more »
'Behind the curve' Bank of Canada tees up super-sized 75 basis point hikeThe central bank is on a campaign to cool an overheated economy and rein in soaring inflation. Read more here.
Read more »