Bank of Canada raises rates again
Central bank notes growth is stalling and will consider if more raises are needed
The Bank of Canada’s governing council raised its reference rate on December 7, by 50 basis points to 4.25%, its seventh consecutive increase.
In total, the central bank has raised its key rate 400bp this year. The council’s press statement said it “will be considering whether the policy interest rate needs to rise further to bring supply and demand back into balance and return inflation to target”.
Some observers believe the council is signalling that the most recent increase may be among the
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