Bank of Canada Increases Policy Interest Rate by 50 BPs
Posted on 04/13/2022
Bank of Canada increases policy interest rate by 50 basis points as it begins quantitative tightening. The Bank of Canada increased its target for the overnight rate to 1%, with the Bank Rate at 1.25% and the deposit rate at 1%. The central bank is also ending reinvestment and will begin quantitative tightening (QT), effective…
