Bank of Canada interest rate announcement coming today

OTTAWA –

The Bank of Canada will certainly make its newest interest rate choice today when it additionally launches its upgraded expectation for the economic situation.

The reserve bank increased its trick interest rate a quarter of a percent factor last month to 0.50 percent.

Economists anticipate an additional rate rise today, with several anticipating the Bank of Canada will certainly increase its plan interest rate by half a percent indicate one percent.

The Bank of Canada makes modifications to its essential interest rate in an initiative to manage rising cost of living with a target of 2 percent.

According to Statistics Canada, the yearly rate of rising cost of living increased to 5.7 percent in February, up from 5.1 percent in January.

Inflation numbers for March are anticipated to be launched following week.

This record by The Canadian Press was very first released April 13, 2022.