BREAKING: Bank of Canada raises interest rate by half percentage point
With the latest increase being the sixth consecutive rate hike this year, the central bank says it expects interest rates will have to rise further to clamp down on decades-high inflation.The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022.
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Bank of Canada expected to raise interest rates on Wednesday as recession fears growEven as warnings about a potential recession grow louder, the Bank of Canada is expected to announce another hefty interest rate hike on Wednesday.
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Bank of Canada expected to raise interest rates on Wednesday as recession fears grow - BNN BloombergEven as warnings about a potential recession grow louder, the Bank of Canada is expected to announce another hefty interest rate hike on Wednesday, edging the bank closer to the end of one of the fastest monetary policy tightening cycles in its history.
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Another Bank of Canada interest rate hike expected Wednesday — the sixth this yearConsensus is that the Bank will raise the rate by 75 basis points to 4 per cent — a rate not seen since the 2008 financial crisis.
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Bank of Canada expected to raise interest rates as recession fears growEven as warnings about a potential recession grow louder, Bank of Canada is expected to announce another hefty interest rate hike Wednesday.
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Bank of Canada raises interest rate by half percentage pointThe Bank of Canada raised its key interest rate by half a percentage point on Wednesday, bringing it to 3.75 per cent.
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