Canada Raises Rates To 3.25%, Highest In Developed World To Fight Inflation

[Economy 52,844]

https://www.bnnbloomberg.ca/bank-of-canada-hikes-interest-rates-by-75-basis-points-1.1815772

 

Canada remains with the highest interest rates in the developed world with the latest 75 basis point hikes taking the official rate to 3.25% as the Central Banks to seeks to tame inflation

 

Economists and analysts are divided in whether the bank will pause after this or if there is one more small increase left