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BoC hikes 25bps, inflation concerns increased

BoC hikes 25bps, inflation concerns increased
BoC surprises the markets by raising the overnight rate by 25bps to 4.75% today. Correspondingly, the Bank Rate now sits at 5.00%, and deposit rate at 4.75%. In the accompany statement, BoC noted that the “accumulation of evidence” reflected that monetary policy was “not sufficiently restrictive to bring supply and demand back into balance and […] The post BoC hikes 25bps, inflation concerns increased appeared first on Action Forex... Read More
Posted: Jun 7 2023, 14:13
Author Name: actionforex
Views: 081251

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