Rate round-up: Canada, Peru hike as Sarb cuts

percentage-big-jpg

The Bank of Canada on Wednesday raised its target overnight rate by a quarter of a percentage point to 1%. The corresponding bank rate is 1.25%, the deposit rate is 0.75%.

The central bank forecast consumption growth to remain solid and business investment to rise strongly as a result of the accommodative credit conditions seen in Canada, which it said had eased further in recent weeks, mainly owing to sharp declines in global bond yields.

Economic activity in Canada was "slightly softer" in the

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: