• Latest
  • Trending
  • All
The Bank of Canada raises the rate: reasons

The Bank of Canada raises the rate: reasons

14.02.2023
Detailing Studio Chicago: professional care for your car and the benefits of the service

Detailing Studio Chicago: professional care for your car and the benefits of the service

01.06.2025
Construction of garages in Edmonton: how to calculate the cost and what it depends on

Construction of garages in Edmonton: how to calculate the cost and what it depends on

28.05.2025
Noise gets in easier than you think – until you do something about it

Noise gets in easier than you think – until you do something about it

28.05.2025
The air in your home might not be what you think: why air quality matters inside

The air in your home might not be what you think: why air quality matters inside

28.05.2025
Timing and synchronization: how crypto traders can track news and know when to take a break

Timing and synchronization: how crypto traders can track news and know when to take a break

27.05.2025
Прокси как ключ к эффективности в цифровом пространстве

Прокси как ключ к эффективности в цифровом пространстве

22.05.2025
Почему дополнительные автоаксессуары так популярны

Почему дополнительные автоаксессуары так популярны

22.05.2025
Drawing recognition system from Businessware Technologies: what this service can do

Drawing recognition system from Businessware Technologies: what this service can do

23.05.2025
Затискні ручки як ключовий елемент фіксації в сучасному обладнанні

Затискні ручки як ключовий елемент фіксації в сучасному обладнанні

18.05.2025
G1 тест Онтарио Канада: понимание системы штрафных баллов (demerit points)

G1 тест Онтарио Канада: понимание системы штрафных баллов (demerit points)

15.05.2025
Пелец як універсальна приманка для ефективної риболовлі

Пелец як універсальна приманка для ефективної риболовлі

07.05.2025
Онлайн-обучение итальянскому языку как современное решение для занятых людей

Онлайн-обучение итальянскому языку как современное решение для занятых людей

07.05.2025
Canada News
  • News
  • Politics
  • Business
  • The science
  • Economy
  • Crypt
  • Interesting
No Result
View All Result
Canada News
No Result
View All Result

The Bank of Canada raises the rate: reasons

14.02.2023
The Bank of Canada raises the rate: reasons
Share on FacebookShare on Twitter

The Bank of Canada has published a summary of the Board of Governors meetings, providing the public and financial institutions with more information about the decision to raise the key interest rate on January 25.

The Board of Governors, consisting of six members, including the Governor of the Bank of Canada, Tiff Mcclem and his deputies, met five times, starting on January 18.

At these meetings, the possibility of suspending the rate increase at the level of 4.25 percent was discussed.

Ultimately, the council’s consensus on the rate hike was driven by the tense labor market situation and concerns about stronger-than-expected economic growth in the third and fourth quarters of 2022. Despite this, it was also decided to pause in raising rates in order to assess the full effect of the forced tightening.

The members of the council regarded the tense labor market as a sign that excessive demand remains in the economy, and predict that the rebalancing of the labor market may take longer than usual, as enterprises continue to face a shortage of labor.

The Central Bank plans to continue publishing summary reports on the meetings of the Board of Governors. The decision to publish them was made in response to the recommendations of the International Monetary Fund in its review of the transparency of the central bank.

Share196Tweet123Pin44ShareSendSend
Previous Post

What is the reason for the extinction of polar bears in Canada

Next Post

How much money do Canadians need to retire

Next Post
How much money do Canadians need to retire

How much money do Canadians need to retire

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

“Sometimes you are amazed how they are being built in our country.”

03.04.2017

“Ruska Truth”

06.04.2017

Residents do not want to maintain municipal media

03.06.2022

April 16 in Cuba opened the sixth congress of the country’s communist party

“Sometimes you are amazed how they are being built in our country.”

“Ruska Truth”

Detailing Studio Chicago: professional care for your car and the benefits of the service

Detailing Studio Chicago: professional care for your car and the benefits of the service

01.06.2025
Construction of garages in Edmonton: how to calculate the cost and what it depends on

Construction of garages in Edmonton: how to calculate the cost and what it depends on

28.05.2025
Noise gets in easier than you think – until you do something about it

Noise gets in easier than you think – until you do something about it

28.05.2025

© gocanadanews.com, 2018-2022. All Rights Reserved.

No Result
View All Result
  • News
  • Politics
  • Business
  • The science
  • Economy
  • Crypt
  • Interesting