It's official! Keeping with market expectations @bankofcanada raised target rate by 0.25% to 4.50% Stating it "expects to hold the policy rate at its current level" but leaves room for a further increase and is "prepared to increase the policy rate further if needed" Stay Tuned
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BREAKING: The Federal Reserve raised interest rates 50 basis-points, the steepest increment since 2000, and decided to start shrinking its massive balance sheet https://t.co/yV0as7KlSa
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Today, the Bank of Canada increased its policy interest rate by 50 basis points to 1%, and began quantitative tightening.
Canada is the first G7 country to hike by a half-percentage point in one announcement during the pandemic.
https://t.co/p1ggxw2Ygo
#CdnEcon
LIVE: Jerome Powell speaks after the Fed raises rates by 25 basis points and signals six more hikes in 2022 https://t.co/mpmlA9tsvu https://t.co/ps4ICI6XSw