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Bank of Canada Set to Get Aggressive With Half-Point Rate Rise
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OTTAWA—The Bank of Canada is widely expected to accelerate efforts to cool high inflation with a half-percentage-point increase in interest rates, and reiterate that more rate rises are required.
All 12 economists surveyed by The Wall Street Journal predicted the Bank of Canada would raise its policy rate to 1% from 0.5% on Wednesday, when the central bank releases its latest policy decision. Five of the 12 economists predicted the central bank would raise rates by another half point at its scheduled June 1 decision, given the broadening of price pressures and elevated inflation expectations among companies and households.
Read more on wsj.comAbout this in other media
Bank of Canada’s Tiff Macklem Says Central Bank Needs to Normalize Policy Quickly wsj.com /2 years ago
US, UK and Canada walk out of G20 meeting over war in Ukraine theguardian.com /2 years ago
Canada CPI Accelerates to 6.7% in March wsj.com /2 years ago
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