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Effective URL: https://www.wsj.com/articles/bank-of-canada-raises-rate-by-half-point-warns-of-unanchored-inflation-expectations-116...
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Effective URL: https://www.wsj.com/articles/bank-of-canada-raises-rate-by-half-point-warns-of-unanchored-inflation-expectations-116...
Submission: On April 16 via api from ES — Scanned from ES
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Magazine SECTIONS * Fashion * Art & Design * Travel * Food * Culture * Sports SECTIONS * Beijing 2022 Olympics * MLB * NBA * NFL * Golf * Tennis * Soccer COLUMNS * Jason Gay Search Search Share * Facebook * Twitter * LinkedIn * Copy Link * Economy BANK OF CANADA INCREASES INTEREST RATES BY HALF-PERCENTAGE POINT, BIGGEST JUMP IN DECADES OFFICIALS MAKE SUBSTANTIAL UPWARD REVISION ON INFLATION, SAYING RATES HAVE FURTHER ROOM TO CLIMB; NEW ZEALAND ALSO RAISES RATES BY HALF POINT Fed's Brainard: Economy in a Period of Very High Uncertainty Skip Ad in 15 You may also like CloseCreated with sketchtool. Up Next CloseCreated with sketchtool. Your browser does not support HTML5 video. 0:00 PlayCreated with sketchtool. Paused Sound OnCreated with sketchtool. 0:00 / 1:44 ShareCreated with sketchtool.Closed Captions InactiveCreated with sketchtool. Fed's Brainard: Economy in a Period of Very High UncertaintyPlay video: Fed's Brainard: Economy in a Period of Very High Uncertainty Federal Reserve governor Lael Brainard declined to offer predictions when asked about an inflation timeline at the WSJ Jobs Summit, citing the pandemic and global events. By Paul Vieira Updated April 13, 2022 2:23 pm ET Print Text Your browser does not support the audio tag. Listen to article Length (2 minutes) AD Loading advertisement... 00:00 / 01:59 1x This article is in your queue. Open Queue OTTAWA—The Bank of Canada pulled the trigger on its biggest rate increase in over two decades and said further rises are necessary to tame domestic spending and keep long-term inflation expectations anchored closer to its 2% target. The Bank of Canada lifted its target for the overnight rate by half a percentage point from 0.50% to 1.0%. In its latest policy decision, the central bank also said it would begin reducing the assets on its balance sheet, which expanded as it made large-scale asset purchases for the first time to stabilize financial markets during the pandemic. That process would begin April 25. To Read the Full Story Subscribe Sign In CONTINUE READING YOUR ARTICLE WITH A WSJ MEMBERSHIP SPRING SALE LESS THAN US $1/WEEK View Membership Options RESUME SUBSCRIPTION We are delighted that you'd like to resume your subscription. You will be charged $ + tax (if applicable) for The Wall Street Journal. You may change your billing preferences at any time in the Customer Center or call Customer Service. You will be notified in advance of any changes in rate or terms. You may cancel your subscription at anytime by calling Customer Service. Please click confirm to resume now. 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