BoC raise rate to 0.50%, refrains from QT for now

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BoC raise rate to 0.50%, refrains from QT for now

BoC raises overnight rate by 25bps to 0.50% as widely expected. The Bank Rate and the deposit rate now stand at 0.75% and 0.50% respectively. The policy rate is the “primary monetary policy instrument”. It added, “as the economy continues to expand and inflation pressures remain elevated, the Governing Council expects interest rates will need […]

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Source: BoC raise rate to 0.50%, refrains from QT for now