CREA Stats Team
March 8, 2022
By The Numbers
Bank of Canada Increases Interest Rate
On March 2, 2022, the Bank of Canada began its rate hike cycle by increasing its target for the overnight lending rate by 25 basis points to 0.5%. The Bank will also be maintaining its portfolio of government bonds until it is deemed necessary to start reducing the overall size of its balance sheet.
The Bank views the Russia-Ukraine conflict as major source of uncertainty, that...
