Bank of Canada Announces Raise in Overnight, Deposit Interest Rates to 4.5%

Bank of Canada Announces Raise in Overnight, Deposit Interest Rates to 4.5%

WASHINGTON (Sputnik) – The Bank of Canada announced in a statement on Wednesday that it has increased the overnight and deposit interest rates to 4.5%, and the bank rate to 4.75%, in order to fight inflation while continuing the policy of quantitative tightening.

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