Published 1 year ago

Bank of Canada increases rates by 50 bps, says hikes may be over

Summary by Reuters

The Bank of Canada on Wednesday hiked its benchmark overnight interest rate by 50 basis points to 4.25%, the highest level in almost 15 years, and signalled the tightening campaign was near an end.

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CTV News

Bank of Canada raises key interest rate to 4.25 per cent, its highest since 2008

The Bank of Canada has raised its overnight rate by 50 basis points to 4.25 per cent, marking its seventh rate hike in nine months. The last time the bank’s policy rate was this high was in January 2008.

1 year ago·Canada

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Reuters

Bank of Canada increases rates by 50 bps, says hikes may be over

The Bank of Canada on Wednesday hiked its benchmark overnight interest rate by 50 basis points to 4.25%, the highest level in almost 15 years, and signalled the tightening campaign was near an end.

1 year ago·United Kingdom

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CBC News

After hiking interest rates 7 times this year, Bank of Canada opens door to standing pat

The Bank of Canada raised its benchmark interest rate for the 7th time this year, but gave its strongest indication yet that it may be nearing the end of the current cycle of rate hikes.

1 year ago·Canada

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RTÉ

Canada's central bank hikes key lending rate to 4.25%

Canada's central bank today increased its key lending rate by 50 basis points to 4.25%, saying its aggressive moves to rein in inflation were working but that the economy was still too hot.

1 year ago·Ireland

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IBTimes

Canada Central Bank Hikes Key Rate To 4.25%, Hints At Pause

Canada central bank hikes key rate to 4.25%, hints at pause

1 year ago·United States

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News

Bank of Canada raises key lending rate to 4.25%

The Bank of Canada raised its benchmark interest rate by 50 basis points, to 4.25 per cent, but signalled it would pause and consider 'whether the policy interest rate needs to rise further.'

1 year ago

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