Breaking: Bank of Canada hikes policy rate by 75 bps to 3.25%
07.09.2022, 14:00

Breaking: Bank of Canada hikes policy rate by 75 bps to 3.25%

The Bank of Canada (BoC) hiked its policy rate by 75 basis points (bps) to 3.25% in September. This decision came in line with the market expectation.

In its policy statement, the BoC said rates will need to rise further given the inflation outlook.

Market reaction

With the initial reaction, USD/CAD edged lower from session highs but quickly recovered its losses. As of writing, the pair was up 0.3% on the day at 1.3190.

Key takeaways from policy statement

"Will be assessing how much higher rates need to go as the effects of tighter monetary policy work through the economy."

"Canadian inflation excluding gasoline increased in July and data indicate a further broadening of price pressures, particularly in services."

"Surveys suggest short-term inflation expectations remain high; the longer this continues, the greater the risk elevated inflation becomes entrenched."

"Canadian economy continues to operate in excess demand and labor markets remain tight."

"While Q2 growth was somewhat weaker than bank had projected, indicators of domestic demand were very strong."

"Global and Canadian economies evolving broadly in line with July projections."

"BoC continues to expect Canadian economy to moderate in H2 2022."

"Canadian housing market is pulling back as anticipated amid higher mortgage rates."

"BoC remains resolute in commitment to price stability and will take action as required to achieve 2% inflation target."

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik