Business & Data
Bank of Canada raises overnight rate target 25 basis points to 2.5 per cent
The central bank set the Bank Rate at 2.75 per cent and the deposit rate at 2.45 per cent in the same decision.
The Bank of Canada raised its target for the overnight rate by 25 basis points to 2.5 per cent, the central bank said in a release dated Oct. 28. The Bank Rate stands at 2.75 per cent and the deposit rate at 2.45 per cent, the bank said.1
The release gives no prior level for the overnight rate target, no reason for the increase and no guidance on future decisions.1
Prepared with reporting tools under our editorial standards. Our editorial approach.
Sources
- Bank of Canada raises the policy rate by 25 basis points to 2½% · Bank of Canada
Comments
No comments yet.