Today news
About the same in other media
Bank of Canada’s Beaudry: Policy Rate Might Be Headed Toward 3% or Above
Reading now: 695
OTTAWA—The rapid acceleration in prices has increased the likelihood the Bank of Canada may need to double its policy interest rate, from its current 1.5% level to 3% or higher, to drive inflation toward its 2% target, a senior central bank official said Thursday.
“The bottom line is that the risk is now greater that inflation expectations could de-anchor and high inflation could become entrenched,” Bank of Canada deputy governor Paul Beaudry said in a speech to a business audience in Gatineau, Quebec. “This raises the likelihood...
Read more on wsj.comAbout this in other media
Why are central banks pushing to raise interest rates? theguardian.com /1 year ago
Europe and Canada have their first land border after 'whisky war' deal euronews.com /1 year ago
Crypto Regulations Need To Keep Pace With Market Growth: Bank Of Canada ndtv.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
