Bank of Canada to raise rates by 25 basis points to peak of 4.5% on Jan. 25, poll suggests

Bank of Canada to raise rates by 25 basis points to peak of 4.5% on Jan. 25, poll suggests

Upworthy

Published

The Bank of Canada will hike its key interest rate by a modest quarter point to 4.50 per cent on Jan. 25 and then hit pause on an aggressive tightening campaign, according to a Reuters poll of economists, with risks skewed toward a higher peak. Inflation, which clocked 6.3 per cent in December, is…

#bankofcanada #boc #usfederalreserve #stephenbrown #capitaleconomics #joshnye #rbc

Full Article