Bank of Canada raises rate, warns of more hikes
The Bank of Canada lifted its key policy rate to 2.5 percent, marking its first hike in over three years. Governor Tiff Macklem warned that rising energy costs could fuel broader inflation, signaling that further increases might be necessary.
Xurve View
Insights:
Xurve View
The Bank of Canada lifted its key policy rate by 25 basis points to 2.5% on Wednesday afternoon, marking its first hike in over three years.
