Bank of Canada Governor Tiff Macklem said Wednesday the central bank would raise its key interest rate by half a percentage point to 3.75 per cent as it continues in its efforts to tame decades-high inflation. “There are no easy outs to restoring price stability,” he said, adding that it needs growth to slow in order to “relieve price pressures.”
Economy
Bank of Canada raises key interest rate to 3.75% as inflation fight ramps up
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