The Central Bank of Canada raised the key rate to 1% per annum

2022-04-13T16:51:16.483Z

The Central Bank of Canada announced the decision to raise the key rate from 0.5 to 1% per annum. “The Bank of Canada today raised its key rate to 1%,” the foreign regulator said in a statement. The bank noted that the country is experiencing "strong growth" of the economy - for example, the salary of Canadian residents has actually returned to pre-pandemic levels and continues to grow. Earlier, the Central Bank of Russia decided to lower the key rate to 17% per annum. Central Bank Chairman