‘Stubborn’ inflation puts an end to Canada’s tightening pause
The Bank of Canada raised its policy rate by 25 basis points to 4.75% today (June 7), marking the end of a short-lived pause in monetary tightening.
It paused its tightening cycle in February. The bank said at the time that “the bar for additional rate increases was now higher” and policy-makers would “need an accumulation of evidence to determine whether further rate increases would be required”.
The central bank received information about the path of inflation that made it decide not to hold
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