Overnight Rate Experiences 25 Basis Point Hike as Bank of Canada Maintains Quantitative Tightening
The Bank of Canada made an announcement this week, adjusting its target for the overnight rate to 4¾%. The Bank Rate now stands at 5%, and the deposit rate mirrors the overnight rate at 4¾%. This move comes alongside a continuation of its policy on quantitative tightening. Internationally, consumer price inflation is showing a downward […]