Bank of Canada Raises Overnight Rate by 25 Basis Points to 2.50%
The Bank of Canada set its overnight rate target at 2.50%, with the Bank Rate at 2.75% and the deposit rate at 2.45%.
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Bank of Canada Raises Policy Rate to 2.50% on Higher Inflation Outlook
OTTAWA, Oct 28 (Reuters) - The Bank of Canada released the following statement on Wednesday: "The Bank of Canada today increased its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%. "Since the July Monetary Policy Report, glo…