2023-07-13 11:51:57
Bank of Canada
After the Bank of Canada decided to raise interest rates once more at the monetary policy meeting yesterday, Wednesday; US investment banks Goldman Sachs and JPMorgan see the Bank of Canada as likely to raise rates one last time by 25 basis points, bringing the final rate to 5.25%.
In this regard, the Bank of Canada, during yesterday’s Monetary Policy Committee meeting, raised interest rates by regarding 25 basis points, bringing the current rate to 5.00%, which is the highest level in 22 years.
In this context, Bank of Canada Governor Tiff McCallum stated, during the press conference following the decision to raise interest, that additional interest decisions will be taken by evaluating the incoming data and inflation expectations, adding that the Bank of Canada is ready to raise interest rates further.
However, Goldman Sachs warned that the Bank of Canada’s final rate hike might be delayed to September, if the upcoming activity data and inflation surprise markets and rally.
The most important statements of the Governor of the Bank of Canada during the press conference following the decision to raise interest rates
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