US EditionBank of Canada raises key interest rate to 4.75 per cent
- The Bank of Canada raised its overnight rate by 25 basis points to 4.75%, citing economic growth and strong consumer spending.
- Inflation concerns remain, with Goods price inflation increasing and services price inflation remaining elevated due to strong demand and a tight labour market.
- The bank will continue to assess inflation expectations, wage growth, corporate pricing, and excess demand to ensure factors are in line with the inflation target, with the next rate announcement expected on July 12, 2023.
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68 Articles
68 Articles
All
Left
32
Center
11
Right
5
Coverage Details
Total News Sources68
Leaning Left32Leaning Right5Center11Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 23%
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