Bank of Canada Raises Interest Rates to 2.5%, First Hike Since 2023
Bloomberg Markets's headline. Reported by Bloomberg Markets, Al Jazeera English.
What Bloomberg Markets reported
The Bank of Canada raised its benchmark overnight interest rate by 25 basis points to 2.5% on Wednesday. It's the first increase since July of 2023. Governor Tiff Macklem says this move could reduce inflation risks posed by higher energy prices. (Source: Bloomberg)
The publisher's own words, quoted for review. Every outlet carrying the story is listed below with its link.
Bank of Canada Raises Interest Rates to 2.5%, First Hike Since 2023. The Bank of Canada raised its benchmark overnight interest rate by 25 basis points to 2.5% on Wednesday. It's the first increase since July of 2023. Governor Tiff Macklem says this move could reduce inflation risks posed by higher energy prices. (Source: Bloomberg) Covered by 2 publications. Bloomberg Markets: Bank of Canada Raises Interest Rates to 2.5%, First Hike Since 2023. Al Jazeera English: Bank of Canada raises interest rates for the first time in three years.
Who is covering it
- Bloomberg Markets United States Bank of Canada Raises Interest Rates to 2.5%, First Hike Since 2023 The Bank of Canada raised its benchmark overnight interest rate by 25 basis points to 2.5% on Wednesday. It's the first increase since July of 2023. Governor Tiff Macklem says this move could reduce inflation risks posed by higher energy prices. (Source: Bloomberg) 28 Oct · Tier 1
- Al Jazeera English Qatar Bank of Canada raises interest rates for the first time in three years The central bank increased the key rate by a quarter point as soaring energy prices pushed up inflation. 28 Oct · Tier 2
Headlines and excerpts are the publishers' own, shown under quotation for review and linked to the originals.
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