Five Thoughts on the Bank of Canada’s 0.50% Rate Hike
Today’s post offers five key points from the Bank of Canada’s latest communications surrounding its 0.50% policy-rate hike. Last Wednesday the Bank of Canada (BoC) raised its policy rate by 0.50%, marking its first half-point hike since May 2000. The Bank also stated that inflation is going to be “elevated for longer than we previously thought” and advised Canadians to…
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