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A comparison of the December to the October 26 statements from the BOC

The Bank of Canada today increased its target for the overnight rate to 3¾%,4¼%, with the Bank Rate at 4%½% and the deposit rate at 3¾%.4¼%. The Bank is also continuing its policy of quantitative tightening.

Inflation around the world remains high and broadly based. This reflects the strength of the global recovery from the pandemic, a series of global supply disruptions, and elevated commodity prices, particularly for energy, which have been pushed up by Russia’s attack on Ukraine. The... Read More

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Comparison

December

October

Statements

From

Forex

Posted: Dec 7 2022, 15:06

Author Name: forexlive

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