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Bank of Canada has raised the overnight lending rate by 50 basis points.

Read the complete press release by clicking the link below!

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BoC raises overnight interest rate by 75 basis points. Complete details in press release below.

Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%.

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).

For the complete details, here is the link to the official press release

www.bankofcanada.ca/2022/07/fad-press-release-2022-07-13/

Rate Announcement to come at 10:00 (ET) Automatically view the rate announcement the moment it is published.

As expected, the Bank of Canada has once again raised the overnight interest rate by 50 basis points in its efforts to curb inflation.
For complete details, read the official press release below.