Bank of Canada Raises Key Rate, Says Further Hikes May Be Needed
The Bank of Canada raised its key policy rate for the first time in more than three years, saying further increases might be needed to prevent soaring energy costs from fueling broader inflation.
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01:45:55 PM UTC
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FULL TEXT- Bank of Canada raises key rate to 2.50%
01:46:40 PM UTC
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BANK OF CANADA RAISES ITS TARGET FOR OVERNIGHT RATE TO 2.5% FROM 2.25%, ITS FIRST RATE HIKE IN ABOUT THREE YEARS
01:46:41 PM UTC
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BANK OF CANADA RAISES POLICY RATE BY 25 BPS, IN SURPRISE TO MARKETS
By Promit Mukherjee and David LjunggrenOTTAWA, Oct 28 (Reuters) - The Bank of Canada on Wednesday hiked its key policy rate for the first time in more than three years and said further increases might be needed to prevent soaring energy costs from fueling broader inflation.The bank lifted the rate…