On Oct. 28, the Bank of Canada raised its policy rate by 25 basis points to 2.5%, as expected and its first hike since July 2023. Inflation hit 3.2% in September, above its 1-3% target, mainly due to energy prices and related transport costs. The bank raised its 2027 inflation forecast to 3.1% from 2%, and expects growth this year of 1%, up from 0.7% in July. Governor Tiff Macklem said further tightening may be needed but the bank will proceed cautiously, expecting inflation to reach 3.5% by year-end, while markets expect another 25 basis-point hike by January 2027. Some economists argue core inflation is near 2% and fear higher rates could hinder a fragile recovery amid trade tensions with the US.
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Original headline: Canada nâng lãi suất lần đầu tiên sau hơn 3 năm
Read the original on VnExpress ↗
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interest ratesinflationCanadacentral bankexchange rates
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Related tickers and likely impact
USD/CAD
▼ Likely negativeRelevance: high
| Market | Currencies |
|---|---|
| Close on 10/28/2026 | 1.39983 |
| Change that session | -0.38% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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