Bank of Canada hikes interest rate to 2.5% — biggest jump since 1998 | CBC News

South Africa News News

Bank of Canada hikes interest rate to 2.5% — biggest jump since 1998 | CBC News
South Africa Latest News,South Africa Headlines
  • 📰 CBCNews
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 99%

BREAKING: The central bank is aggressively moving up lending rates to fight runaway inflation.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CBCNews /  🏆 2. in CA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Behind the curve' Bank of Canada tees up super-sized 75 basis point hike'Behind the curve' Bank of Canada tees up super-sized 75 basis point hikeThe Bank of Canada is set to deliver a super-sized interest rate hike this week, as it accelerates efforts to withdraw stimulus from an overheated economy and rein in soaring inflation. — via financialpost interestrates
Read more »

Posthaste: What a Bank of Canada 0.75% rate hike would mean for mortgages and indebted CanadiansPosthaste: What a Bank of Canada 0.75% rate hike would mean for mortgages and indebted CanadiansSignals have been piling up that the Bank of Canada will hike rates by 75\u002Dbasis\u002Dpoint hike this week. Find out more
Read more »

Bank of Canada delivers jolt with 100 basis point interest rate hikeBank of Canada delivers jolt with 100 basis point interest rate hikeThe benchmark borrowing rate is now 2.5 per cent as policymakers move aggressively to confront inflation, Kevin Carmichael writes. Read on.
Read more »

Posthaste: Royal LePage cuts home price outlook 'significantly' on aggressive Bank of Canada rate hikesPosthaste: Royal LePage cuts home price outlook 'significantly' on aggressive Bank of Canada rate hikesRoyal LePage forecasts prices will rise 5% in 2022, compared to its previous forecast of 15%. Find out more.
Read more »

Bank of Canada raises key interest rate by 1 per centBank of Canada raises key interest rate by 1 per centThe Bank of Canada raised its key interest rate by a full percentage point on Wednesday, marking the largest single rate hike since August 1998.
Read more »

Bank of Canada set to deliver even bigger interest rate hike on WednesdayBank of Canada set to deliver even bigger interest rate hike on WednesdaySeveral economic indicators released since the Bank's last decision in June have reinforced the expectations of an outsized hike From alicjawithaj
Read more »



Render Time: 2025-04-05 01:36:36