BoC Opts for Another Oversized Hike and Firm Tightening Bias

BoC goes big again with a 75 bp hike in September 3.25% overnight rate puts monetary policy in ‘restrictive’ territory Statement flags further tightening to come, but pace likely to slow The BoC continued on its steepest rate-hiking path in decades, following up July’s 100 bp increase with a slightly smaller (but still oversized) 75 […]

The post BoC Opts for Another Oversized Hike and Firm Tightening Bias appeared first on Action Forex.