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Home / Deputy Bank of Canada governor warns key interest rate could rise above previous target of 3 per cent

Deputy Bank of Canada governor warns key interest rate could rise above previous target of 3 per cent

Posted on June 2, 2022June 2, 2022 by admin

One day after raising the key interest rate by 50 basis points to 1.5 per cent, the Bank of Canada is warning Canadians that rates could rise above previously targeted levels in order to deal with what the bank calls ‘entrenched inflation.’
Source: ctv business
Deputy Bank of Canada governor warns key interest rate could rise above previous target of 3 per cent

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