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Economy

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Beachnutt

(7,475 posts) Wed Jul 13, 2022, 10:59 AM Jul 2022

Bank of Canada increases policy interest rate by 100 basis points, continues quantitative tightening

The Bank of Canada today increased its target for the overnight rate to 2½%, with the Bank Rate at 2¾% and the deposit rate at 2½%. The Bank is also continuing its policy of quantitative tightening (QT).
*snip*
https://www.bankofcanada.ca/2022/07/fad-press-release-2022-07-13/

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