Economy Beware: Interest Rates Are Going Up Until Inflation Comes Down
Jun 2 2022 — Kevin Page — Policy Magazine — The governor of the Bank of Canada, Tiff Macklem, has announced the third rate hike in four months. The interest rate tightening cycle is maturing quickly. The policy rate (the overnight lending rate to banks that is used as a benchmark for household and business lending rates) now stands at 1.5 percent — up 50 […]