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Bank of Canada Says Rate Increases Are Coming
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OTTAWA—The Bank of Canada held its main interest rate steady at 0.25%, but said rate increases are on the horizon to deal with elevated inflation and an economy running at or near full tilt.
Gov. Tiff Macklem said the decision Wednesday marked the end of emergency policies to support the economy through the pandemic. In the fall, the central bank ended its large-scale asset-purchase program, or quantitative easing, based on economic progress to date. “We’re signaling to Canadians that they can expect a rising path for interest...
Read more on wsj.comAbout this in other media
Rising Inflation Keeps Pressure on Fed to Frontload Rate Increases wsj.com /2 years ago
Bank of Canada Gov. Macklem: Current Rate of Inflation ‘Too High’ wsj.com /2 years ago
Developing Countries Brace for Impact From Fed Rate Increases wsj.com /2 years ago
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