The Bank of Canada “unpauses”—what’s next?
The Bank of Canada “unpauses”—what’s next?
The Bank of Canada (BoC) has “unpaused” and effectively restarted its tightening cycle by increasing interest rates by another 25bps and signaling there might still be more hikes ahead. The BoC has now hiked by 450bps in less than 18 months—one of the most aggressive hiking cycles in Canada’s modern economic history.