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ZCAN / The Bank Of Canada's Hawkish Turn
At its April meeting, the Bank of Canada accelerated its tightening cycle, building on March's 25-basis-point rate hike with a larger, 50bp increase to lift the overnight rate to 1%. The central bank accelerated tightening with a large rate hike and quantitative tightening, amid strong growth, elevated inflation and a tight labor market.
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Posted: May 7 2022, 05:44
Author Name: Seeking Alpha
Views: 110543
ZCAN News
By Seeking Alpha
May 7, 2022
The Bank Of Canada's Hawkish Turn
At its April meeting, the Bank of Canada accelerated its tightening cycle, building on March's 25-basis-point rate hike with a larger, 50bp increase t more_horizontal