Bank of Canada Lifts Rates to 22-Year High, Ending Four-Month Pause

The Bank of Canada ended on Wednesday a short-lived pause on interest-rate increases and lifted rates by a quarter-point on stronger-than-expected consumer spending

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https://www.wsj.com/articles/bank-of-canada-ends-four-month-pause-lifts-rates-to-22-year-high-f3d20307Decision to raise policy rate to 4.75% was fueled by stronger-than-expected consumer spending and concerns over elevated inflationNew economic data prompted Bank of Canada officials to rethink how high interest rates need to go to cool inflation.

The economic data have said otherwise, forcing Canada’s central bank and its global peers to rethink how high interest rates need to go to cool inflation.Continue reading your article with

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