#Financial
#cosocanucks
#cosocanuks
(Reuters) - The Bank of Canada on Wednesday hiked its overnight rate to a 22-year high of 4.75%, and markets and analysts immediately forecast yet another increase next month to ratchet down an overheating economy and stubbornly high inflation.
https://www.reuters.com/markets/rates-bonds/bank-canada-hikes-rates-475-highest-22-years-2023-06-07/
@disk4mat
As opposed to a windfall profits tax on this that are creating this inflation... As it has nothing to do with wages of interest rates...