Emphasis added. Since January, governor Tiff Macklem has been explicit about what he would be doing at the next interest rate announcement: pushing borrowing costs higher to offset the most dangerous burst of inflation since the early 1980s.Article content
“There remains a firmness or stickiness to inflation — and to near-term inflation expectations,” said Kozicki, suggesting the central bank could be tempted to raise borrowing costs when it next updates policy on Jan. 25.For the first time all year, policymakers think there’s a chance cost pressures are relenting.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of Canada sounds more cautious about its willingness to higher interest rates – CIBCOn Wednesday, the Bank of Canada (BoC) raised its key interest rate by 50 bases points to 4.25%, in line with market consensus. Analysts at CIBC, poin
Source: FXStreetNews - 🏆 14. / 72 Read more »
Bank of Canada makes big rate hike, hints it may the last oneThe Bank of Canada on Wednesday hiked its benchmark overnight interest rate by half a percentage point to the highest level in almost 15 years and signaled its unprecedented tightening campaign was near an end.
Source: Reuters - 🏆 2. / 97 Read more »
Breaking: Bank of Canada hikes policy rate by 50 bps to 4.25% as expectedThe Bank of Canada (BoC) announce that it hiked its benchmark interest rate by 50 basis points to 4.25% following the December policy meeting. Develop
Source: FXStreetNews - 🏆 14. / 72 Read more »