
Economy
Bank of Canada raises rate to 2.5%, its first hike since 2023
The Bank of Canada raised its policy rate by 0.25 point to 2.5% on October 28, 2026, its first increase since July 2023, as inflation runs near 3%.
29 Oct 2026, 14:01 IST
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2 stories, newest first

The Bank of Canada raised its policy rate by 0.25 point to 2.5% on October 28, 2026, its first increase since July 2023, as inflation runs near 3%.

New York Fed President John Williams said on 13 October 2026 one more rate hike may be appropriate this year but none is needed in 2027, unlike market bets.
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