Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening
Wednesday Jan 25th, 2023
ShareFOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario January 25, 2023 The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening. Global inflation remains high and broad-based. Inflation is coming down in many countries, largely reflecting lower energy prices as well as improvements in global supply chains. In the United States and Europe,... [read more]
