Canada's central bank has decided to raise interest rates by 0.5% to curb inflation.
Although the interest rate has been raised six times in a row, the range of interest rate hikes was smaller than the previous 0.75%, reflecting consideration for the economy.
The Bank of Canada, the central bank of Canada, has decided to raise the policy rate by 0.5% to 3.75% on the 26th.
It was the sixth consecutive rate hike, but the range of rate hikes was smaller than the previous 0.75%.
In Canada, consumer prices rose 6.9% last month compared to the same month the previous year, and the high level of inflation continued, and the Bank of Canada said it was necessary to raise the policy rate further to curb inflation. is.
On the other hand, Bank of Canada Governor Macklem said at a press conference that the rate hike was reduced, saying, ``If monetary tightening is done excessively, the economy will slow down,'' showing consideration for the economy.
Among the world's central banks, such as the Federal Reserve Board in the United States, there is a series of moves to tighten monetary policy to curb inflation, but there is growing concern that the economy will cool down as interest rates continue to rise significantly. .