Bank of Canada lifts benchmark rate to 2.5% as inflation persists

Bank of Canada lifts benchmark rate to 2.5% as inflation persists

The Bank of Canada said it raised its key policy rate by 25 basis points to 2. 5% on 28 October, signalling that further hikes may be needed to bring inflation, which has been pushed higher by rising energy costs, back to target. The central bank also released revised inflation and growth forecasts, Global News reported. Analysts had earlier predicted a rate increase as oil prices surged, The Globe and Mail reported. Some Canadian economists warned the move could be premature given weak growth and limited inflation pressure, according to the Financial Post.

The expected hike was projected to raise payments on variable-rate mortgages, lines of credit and auto loans while boosting returns on savings accounts and bonds, The Globe and Mail noted. At the same time, analysts said the U. S. Federal Reserve was expected to keep its policy rate unchanged, also reported by The Globe and Mail.

参与者

Bank of Canada Governor Tiff Macklem Avery Shenfeld Canadian Imperial Bank of Commerce Jeremy Kronick C.D. Howe Institute Nathan Janzen Royal Bank of Canada

地点

Canada Bangkok, Thailand United States

文章

2026年十月28日
4 篇总计
How the latest interest rate hike could affect everyday Canadians
How the latest interest rate hike could affect everyday Canadians

Global News • 10月28日 21:52

The Bank of Canada increased its key interest rate for the first time in over three years, prompting concerns about higher borrowing costs for Canadians already facing rising prices.

可信度 72% 操纵 10% 中立
Bank of Canada raises key interest rate
Bank of Canada raises key interest rate

BNN Bloomberg • 10月28日 13:54

The Bank of Canada increased its key interest rate to 2.5% and signaled possible further hikes to curb inflation driven by rising energy costs.

可信度 78% 操纵 8% 中立
Bank of Canada hikes interest rates for the 1st in 3 years
Bank of Canada hikes interest rates for the 1st in 3 years

Global News • 10月28日 12:28

The Bank of Canada increased its policy rate by 0.25 percentage point to 2.5%, its first hike since July 2023, and will publish revised inflation and growth forecasts.

可信度 72% 操纵 8% 中立
Live updates: Bank of Canada expected to deliver first rate hike in three years as oil shock deepens
Live updates: Bank of Canada expected to deliver first rate hike in three years as oil shock deepens

The Globe and Mail • 10月28日 11:00

Analysts anticipate the Bank of Canada will lift its policy rate for the first time in three years amid rising oil prices, while the U.S. Federal Reserve is projected to keep rates unchanged today.

可信度 72% 操纵 9% 中立
2026年十月27日
2 篇总计
Six ways a Bank of Canada rate hike could cost or benefit you
Six ways a Bank of Canada rate hike could cost or benefit you

The Globe and Mail • 10月27日 22:25

A likely quarter-point increase in the Bank of Canada’s policy rate will raise payments on variable mortgages, lines of credit and auto loans, while potentially boosting interest on savings accounts, bonds and GICs.

可信度 72% 操纵 28% 中立
Bank of Canada rate hike would be mistake, say economists
Bank of Canada rate hike would be mistake, say economists

Financial Post • 10月27日 12:03

Top Canadian economists say a policy-rate increase by the Bank of Canada this week could be a mistake, citing weak growth and limited inflation pressure despite recent comments from Governor Tiff Macklem.

可信度 72% 操纵 12% 中立
2026年十月25日
1 篇总计
Bank of Canada expected to raise benchmark rate for first time in three years as oil shock persists
Bank of Canada expected to raise benchmark rate for first time in three years as oil shock persists

The Globe and Mail • 10月25日 19:20

Analysts expect the Bank of Canada to increase its policy rate for the first time in three years as oil prices remain high, though data on core inflation show mixed signals.

可信度 78% 操纵 9% 中立