UPDATE: Bank of Canada hikes key interest rate by quarter point, says it plans to hold
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“Recent data suggests the restrictive stance of monetary policy is dampening household spending, particularly on housing and big-ticket items. But economic growth and employment in the second half of 2022 were stronger than we expected. And so, excess demand in the economy has persisted, putting continued upward pressure on prices.”
The slowdown in inflation has been attributed to declines in energy prices as well as easing in global supply chain disruptions. As high interest rates continue to affect the economy more broadly, the central bank expects the labour market to soften in the coming months.Article content
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Bank of Canada hikes key interest rate by quarter point, says it plans to holdOTTAWA — The Bank of Canada raised its key interest rate by a quarter of a percentage point Wednesday and said it expects this to be the last rate hike of the…
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Bank of Canada hikes key interest rate by quarter point, says it plans to holdOTTAWA — The Bank of Canada raised its key interest rate by a quarter of a percentage point Wednesday and said it expects this to be the last rate hike of the…
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Bank of Canada hikes key interest rate by quarter point, says it plans to holdIndependent and employee owned - local news stories, weather, sports, events and more
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Bank of Canada raises key interest rate again, signals pause in rate hikesThe Bank of Canada has raised its overnight rate by 25 basis points, moving its policy rate to 4.5 per cent from 4.25 per cent. If projections hold steady, the central bank has signalled a pause at its current rate, while it assesses the full impact of its hikes on the economy.
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Bank of Canada hikes key interest rate again but plans to hold rateThe Bank of Canada raised its key interest rate by a quarter of a percentage point Wednesday and said it expects this to be the last rate hike of the cycle.
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Live updates: Bank of Canada expected to deliver final quarter-point rate hike todayThe Bank of Canada is expected to increase its benchmark interest rate by another 25 basis points today, though for the first time in nearly a year, a hike is not guaranteed. The central bank will announce its decision at 10 a.m. ET. Follow live updates:
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