Bank of Canada Delivers a 50 Basis-Point Hike    

The Bank of Canada raised the overnight rate by 50 basis points to 3.75%, while stating that it will continue with Quantitative Tightening (QT). On rising prices, it stated that “measures of core inflation are not yet showing meaningful evidence that underlying price pressures are easing. Near-term inflation expectations remain high, increasing the risk that […]

The post Bank of Canada Delivers a 50 Basis-Point Hike     appeared first on Action Forex.