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Bank of Canada announces 8th consecutive key interest rate hike | LIVE

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Bank of Canada governor Tiff Macklem is expected to speak after the central bank announced its latest interest rate decision Wednesday morning, hiking its key interest rate by a quarter of a percentage point.

That would bring its key interest rate to 4.5 per cent, the highest it’s been since 2007.

The Bank of Canada has raised interest rates seven consecutive times since March in the face of decades-high inflation.

Economists expect Wednesday’s rate hike to be the last of the cycle.

For more info, please go to https://globalnews.ca/news/9434819/bank-of-canada-interest-rate-jan-2023/

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Category
U.S. & Canada
Tags
global news, tiff macklem, interest rate announcement
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