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Bank of Canada Delivers Surprise 25 Basis Point Hike
The Bank of Canada raised the overnight rate by 25 basis points, to 4.75%, while stating that it will continue with Quantitative Tightening (QT). The bank highlighted the resurgence in economic momentum by stating, “Canada’s economy was stronger than expected in the first quarter of 2023, with GDP growth of 3.1%. Consumption growth was surprisingly […] The post Bank of Canada Delivers Surprise 25 Basis Point Hike appeared first on Action Forex...
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Posted: Jun 7 2023, 15:12
Author Name: actionforex
Views: 110542