Bank of Canada hikes key interest rate by 25 basis points to 5 percent, highest since 2021

Jul 18, 2023, at 02:57 am

Ottawa/IBNS: The Bank of Canada has made the cost of borrowing more expensive by reportedly raising its policy interest rate for the 10th consecutive time, by 25 basis points amounting to 5 percent, the highest it’s been since 2001.

Bank of Canada hikes policy interest rate to 1.5 pct, warns of more moves

Jun 02, 2022, at 05:54 am

The Bank of Canada took another step in its hiking cycle, raising its policy interest rate by 50 basis points for a second straight time.

Bank of Canada likely to raise interest rates to battle rising inflation

Jun 01, 2022, at 06:28 pm

Ottawa: Experts believe that Bank of Canada might announce another interest rate hike as it is trying to rein in runaway inflation.