Listen Live

HomeNewsBank of Canada hikes key interest rate to 3.25%

Bank of Canada hikes key interest rate to 3.25%

The Bank of Canada has raised its key interest rate by three-quarters of a percentage point.

That pushes the rate from 2.5 to 3.25 percent, marking the fifth interest hike since January.

It comes as the B-O-C continues to grapple with stunted growth and boosted prices as a result of COVID-19 outbreaks, ongoing supply disruptions, and the war in Ukraine.

with files from Vista Radio newswire

- Advertisment -
- Advertisment -
- Advertisement -

Continue Reading

More