
Rates round-up: Canada adds 50bp to main rate

Canada: The Bank of Canada raised its policy rate by 50 basis points on June 1, bringing the overnight rate to 1.5%. The bank said the economy is “clearly operating in excess demand”.
Consumer price index (CPI) inflation rose 6.8% over the year ending in April in Canada, with food and energy prices driving the bulk of the price increases. January 1991 was the last time inflation in Canada was higher than 6.8%.
The central bank said inflation “will likely move even higher in the near term
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com