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Bank of Canada Delivers a 50 Basis Point Hike, But No Guarantees of Future Hikes   

Bank of Canada Delivers a 50 Basis Point Hike, But No Guarantees of Future Hikes   
The Bank of Canada raised the overnight rate to 4.25%, while stating that it will continue with Quantitative Tightening (QT). On rising prices, it stated that “inflation is still too high and short-term inflation expectations remain elevated. The longer that consumers and businesses expect inflation to be above the target, the greater the risk that […] The post Bank of Canada Delivers a 50 Basis Point Hike, But No Guarantees of Future Hikes appeared first on Action Forex... Read More
Posted: Dec 7 2022, 15:44
Author Name: actionforex
Views: 110597

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