Breaking: Bank of Canada hikes policy rate by 25 bps to 4.5% as expected

Key takeaways from policy statement

"Prepared to increase policy rate further if needed to return inflation to 2% target; continuing the quantitative tightening program." "Financial conditions remain restrictive but have eased since October; C$ has been relatively stable vs US$."Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.

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Bank of Canada set for one more rate hike in historic tightening campaignThe Bank of Canada is expected to raise interest rates to a 15-year high on Wednesday in the face of a tight job market and above-target inflation, but economists say the move could be the last in the current tightening cycle. Past few months have clearly shown that .bankofcanada is in hands of incompetent people!
Source: Reuters - 🏆 2. / 97 Read more »