Economics

Bank of Canada to Weigh New 50 Basis-Point Hike, Macklem Says

Bank of Canada Raises Rates by a Half Point

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Erik Hertzberg

April 25, 2022 at 3:50 PM UTC

Updated on

April 25, 2022 at 5:11 PM UTC

This article is for subscribers only.

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Bank of Canada Governor Tiff Macklem said the central bank will consider another 50-basis-point increase to its benchmark interest rate to wrestle inflation down from three-decade highs.