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Bank of Canada to Unveil Interest Rate Decision

Source: The Canadian Press, CTV News, June 1, 2022

Economists are expecting the Bank of Canada to hike its key interest rate by another half-percentage point to 1.5 per cent today.

OTTAWA – The Bank of Canada will make its latest interest rate decision this morning as it tries to put the brakes on runaway inflation.

The central bank raised its key interest rate half a percentage point in April to one per cent — the biggest hike in 22 years, and one that followed a quarter-percentage-point bump in March.

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