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Placeline/People

City Ottawa

State Province Ontario

Country Canada

Newsroom Ready: Bank of Canada hikes key interest rate to 5%

The Bank of Canada raised interest rates to five per cent, hitting the economy with higher borrowing costs as new projections suggest it will take longer for inflation to fall back to two per cent. Bank of Canada governor Tiff Macklem said the bank's assessment was that the cost of delaying action was larger than the benefit of waiting. (July 12, 2023)

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Unique identifier: CP167640402

Legacy Identifier: r_BoC-InterestRate20230712T1400

Type: Video

Duration: 1m19s

Dimensions: 1920px × 1080px 180.39 MB

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Create Date: 7/12/2023 2:00:00 PM

Display aspect ratio: 16:9