Central Banks
Bank of Canada to Hike Into Restrictive Range: Decision Guide
- Economists expect 75-basis-point move, bringing rate to 3.25%
- Pause may be looming as price pressures begin to abate
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The Bank of Canada is set deliver a fourth consecutive outsized interest-rate hike to slow the nation’s economy and drag inflation down from four-decade highs.
All 31 economists surveyed by Bloomberg expect policy makers led by Governor Tiff Macklem to raise the benchmark overnight rate by at least 50 basis points, and most say it will be 75 basis points. That would bring the policy rate to 3.25%, the highest among major advanced economies.