BREAKING: BoC unexpectedly lifts key interest rate only by 50 bps

3:02 PM 26 October 2022

The Bank of Canada unexpectedly raised its benchmark interest rate by only 50 bps to 3.75 %  while the markets expected a 75 bps increase to 4.00%. 

Investors will focus now on BoC  Governor comments during the press conference regarding the economic outlook, inflation and fiscal policy.

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