Bank of Canada will consider a 50-basis-point rate hike in June, Tiff Macklem says

Bank of Canada governor Tiff Macklem said that the central bank will consider another 50 basis point increase to its policy rate in June as it looks to push borrowing costs higher to tackle inflation.

This comes two weeks after the central bank raised the policy rate by half a percentage point to 1 per cent – the first oversized rate hike in two decades. The bank usually moves in quarter point increments. “We are committed to using our policy interest rate to return inflation to target and will do so forcefully if needed,” Mr. Macklem said.

There will be unemployment and additional inflation layer in basic goods and manufacturing products… put more pressure on middle class tax payers and families

I wish Canadian bank and government had wisdom and insight of Japanese government and central bank to curb the inflation by boosting production and GDP by devaluation currency and adding employment. The Japanese know how to combat the up and down of the market…

Buy a House, buy two! Why not. It only goes up! 4444

Good. Flush out the speculative parasites.

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Bank of Canada mulling another half-percentage-point rate hike, Macklem saysThe Bank of Canada will likely consider another half\u002Dpercentage\u002Dpoint interest rate increase in early June, Governor Tiff Macklem said. Nothing to 'mull' they don't have an option. JustinFlation
Source: VancouverSun - 🏆 49. / 61 Read more »