The Bank Of Canada lifted rates by a further 25 basis points overnight, to 4.5%, and they continue QT. But they say they will hold now and pause to assess the impact of the rises.
In addition, they will start to publish minutes of their discussions, and also will hold losses on their accounts, rather than sending them back to Government.
Important signals which other Central Banks are likely to emulate and its worth noting how much lower rates in Australia are thanks to a series of lower hikes in Australia. Yet here, inflation was reported as higher than expected yesterday – perhaps we need higher rates here?
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