Bank of Canada to announce interest rate decision today, expected to hike to 4.5 per cent

The Bank of Canada is set to announce its latest interest rate decision this morning

January 25, 2023

The Bank of Canada is set to announce its latest interest rate decision this morning as markets widely expect the central bank to hike its key interest rate by a quarter of a percentage point. That would bring its key interest rate to 4.5 per cent, the highest it's been since 2007.