Bank of Canada Hikes Policy Rate By 25 BPs to 5.0%–Highest in 22 Years
General Angela Calla 13 Jul
Interest Rates Will Stay Higher For Longer The Bank of Canada increased the overnight policy rate by 25 basis points this morning to 5.0%, its highest level since March 2001. Never before has a policy action been so widely expected. Still, the Bank’s detailed outlook in the July Monetary Policy Report (MPR) suggests stronger growth and […]
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