Bank of Canada raises the overnight lending rate
Wednesday, Jul 12, 2023
In this video, I'll be discussing the recent increase in the Bank of Canada's overnight lending rate.
Senior Deputy Governor Carolyn Rogers and I will go over the policy announcement and the monetary policy report. We'll explain why the rate was raised by 25 basis points to 5% and the reasons behind it.
We'll also touch on the challenges of balancing monetary policy and the risks of under or over tightening.
If you're interested in understanding the current economic situation and how it affects Canadians, this video is for you.
Stay tuned for important insights and future projections.
