Bank of Canada Prepared to Raise Interest Rates “Forcefully”
Bank of Canada Prepared to Raise Interest Rates “Forcefully”
Targeting high inflation is the Bank of Canada's top priority, and it's prepared to raise interest rates "forcefully" if that's what's need.
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Targeting high inflation is the Bank of Canada's top priority, and it's prepared to raise interest rates "forcefully" if that's what's need.
Targeting high inflation is the Bank of Canada's top priority, and it's prepared to raise interest rates "forcefully" if that's what's need.
All eyes will be on the Bank of Canada's rate decision on Wednesday, which could see the largest rate hike in over 20 years.
All eyes will be on the Bank of Canada's rate decision on Wednesday, which could see the largest rate hike in over 20 years.
Canada’s economy has a bad weed growing in it. It’s called inflation, and our central bank hasn’t pulled it fast enough.
Canada’s economy has a bad weed growing in it. It’s called inflation, and our central bank hasn’t pulled it fast enough.
Inflation in Canada grew at a pace not seen since 1983, further increasing the likelihood of an “oversized” rate hike of 75 basis points at the Bank of Canada’s next meeting in July. The Consumer Price Index (CPI) accelerated to an annual rate of 7.7% in May. That’s a 1.4% increase from April, and more inflation than Canadians had to contend with in all of 2015, as economists from Desjardins noted. Core inflation, based on an average of three key measures that strip out the most volati...
Inflation in Canada grew at a pace not seen since 1983, further increasing the likelihood of an “oversized” rate hike of 75 basis points at the Bank of Canada’s next meeting in July. The Consumer Price Index (CPI) accelerated to an annual rate of 7.7% in May. That’s a 1.4% increase from April, and more inflation than Canadians had to contend with in all of 2015, as economists from Desjardins noted. Core inflation, based on an average of three key measures that strip out the most volati...
Markets fully expect the Bank of Canada to deliver its second half-point rate hike in as many months at its upcoming rate decision meeting on Wednesday. In June, the Bank hiked its overnight target rate by 50 basis points, bringing it to 1.00%, citing an “increasing risk” that expectations of high inflation could become “entrenched.” With headline inflation reaching a 31-year high of 6.8% in April, and core inflation at a 32-year high of 4.23%, the Bank of Canada is widely expected to c...
Markets fully expect the Bank of Canada to deliver its second half-point rate hike in as many months at its upcoming rate decision meeting on Wednesday. In June, the Bank hiked its overnight target rate by 50 basis points, bringing it to 1.00%, citing an “increasing risk” that expectations of high inflation could become “entrenched.” With headline inflation reaching a 31-year high of 6.8% in April, and core inflation at a 32-year high of 4.23%, the Bank of Canada is widely expected to c...
While today’s 50-bps rate hike was no surprise, the Bank of Canada’s hawkish statement that accompanied it was. Today’s rate increase—the second half-point hike in as many months, and the third of the year—was fully priced in by markets. It brings the Bank’s key lending rate to 1.50%, 125 basis points above its record-low levels, where it sat throughout the pandemic. Markets were instead focused on the accompanying statement, where the Bank reaffirmed its commitment to essentially ...
While today’s 50-bps rate hike was no surprise, the Bank of Canada’s hawkish statement that accompanied it was. Today’s rate increase—the second half-point hike in as many months, and the third of the year—was fully priced in by markets. It brings the Bank’s key lending rate to 1.50%, 125 basis points above its record-low levels, where it sat throughout the pandemic. Markets were instead focused on the accompanying statement, where the Bank reaffirmed its commitment to essentially ...
Inflation continued to heat up in March, raising market expectations for future Bank of Canada rate hikes.
Inflation continued to heat up in March, raising market expectations for future Bank of Canada rate hikes.
As was widely expected, the Bank of Canada raised its benchmark lending rate by 50 basis points on Wednesday, bringing it to 1.00%.
As was widely expected, the Bank of Canada raised its benchmark lending rate by 50 basis points on Wednesday, bringing it to 1.00%.
With interest rates now in restrictive territory and signs of economic weakness, the Bank of Canada is facing one of its most important decisions in this rate-hike cycle, according to some. “Canadian monetary policymakers have a major decision to make [this] week,” wrote Royce Mendes, Managing Director and Head of Macros Strategy at Desjardins. “In fact, it will be the most crucial deliberation of this rate-hiking cycle so far.” Following the release of September inflation data last wee...
With interest rates now in restrictive territory and signs of economic weakness, the Bank of Canada is facing one of its most important decisions in this rate-hike cycle, according to some. “Canadian monetary policymakers have a major decision to make [this] week,” wrote Royce Mendes, Managing Director and Head of Macros Strategy at Desjardins. “In fact, it will be the most crucial deliberation of this rate-hiking cycle so far.” Following the release of September inflation data last wee...
Variable-rate mortgage holders will see their interest costs rise once again starting this week as prime rate rises to 5.45%. The country’s Big 6 banks announced the increase following the Bank of Canada’s 75-bps rate hike on Wednesday. This latest move takes the Bank’s overnight target rate to 3.25%—300 basis points higher than it was in March and officially above the Bank’s “neutral” target range and into restrictive territory. It’s also the fastest pace of rate tightening sin...
Variable-rate mortgage holders will see their interest costs rise once again starting this week as prime rate rises to 5.45%. The country’s Big 6 banks announced the increase following the Bank of Canada’s 75-bps rate hike on Wednesday. This latest move takes the Bank’s overnight target rate to 3.25%—300 basis points higher than it was in March and officially above the Bank’s “neutral” target range and into restrictive territory. It’s also the fastest pace of rate tightening sin...