{"id":6614,"date":"2022-12-08T11:40:40","date_gmt":"2022-12-08T19:40:40","guid":{"rendered":"https:\/\/blog.justo.ca\/blog-admin\/?p=6614"},"modified":"2023-09-12T11:08:01","modified_gmt":"2023-09-12T19:08:01","slug":"central-bank-has-raised-policy-rate-7-times-this-year-in-battle-against-inflation","status":"publish","type":"post","link":"https:\/\/blog.justo.ca\/blog\/central-bank-has-raised-policy-rate-7-times-this-year-in-battle-against-inflation\/","title":{"rendered":"Bank of Canada Raises Rate Again to 4.25%"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Central bank has raised policy rate 7 times this year in battle against inflation<\/h2>\n\n\n\n<p>The <a href=\"https:\/\/www.bankofcanada.ca\/\">Bank of Canada<\/a> raised its benchmark interest rate by 50 basis points on Wednesday, to 4.25 per cent.<\/p>\n\n\n\n<p>This hike was expected, as Canada&#8217;s central bank has raised its rate seven times this year in its fight to quell inflation. These increases have had a huge impact on the rates that Canadian consumers and businesses get from their banks on things like mortgages.<\/p>\n\n\n\n<p>Many are hoping this is the last of the increases, with the Bank not definitively indicating one way or another is the rate will have to go higher in order to bring supply and demand back into balance and return inflation to target.<\/p>\n\n\n\n<p>\u201cLooking ahead, Governing Council will be considering whether the policy interest rate needs to rise further to bring supply and demand back into balance and return inflation to target,\u201d the Bank of Canada statement read.<\/p>\n\n\n\n<p>The Bank of Canada\u2019s key interest rate now sits at its highest level since 2008.<\/p>\n\n\n\n<p>Real estate can be confusing, but Justo is here to help!&nbsp;<a href=\"http:\/\/justo.ca\/\">Contact us today<\/a>&nbsp;and we can provide you with the latest market insights and personalized advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Central bank has raised policy rate 7 times this year in battle against inflation The Bank of Canada raised its benchmark interest rate by 50 basis points on Wednesday, to 4.25 per cent. This hike was expected, as Canada&#8217;s central bank has raised its rate seven times this year in its fight to quell inflation. [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":6812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1,11,10],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.11 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank of Canada Raises Rate Again to 4.25% - Justo Real Estate<\/title>\n<meta name=\"description\" content=\"These rate increases have had a huge impact on the rates that Canadian consumers and businesses get from their banks on things like mortgages.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of Canada Raises Rate Again to 4.25% - Justo Real Estate\" \/>\n<meta property=\"og:description\" content=\"These rate increases have had a huge impact on the rates that Canadian consumers and businesses get from their banks on things like mortgages.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.justo.ca\/blog\/central-bank-has-raised-policy-rate-7-times-this-year-in-battle-against-inflation\/\" \/>\n<meta property=\"og:site_name\" content=\"Justo Real Estate Brokerage\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-08T19:40:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-12T19:08:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.justo.ca\/blog\/wp-content\/uploads\/2022\/12\/pexels-rdne-stock-project-8292880.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"853\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Justo Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Justo Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.justo.ca\/blog\/central-bank-has-raised-policy-rate-7-times-this-year-in-battle-against-inflation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.justo.ca\/blog\/central-bank-has-raised-policy-rate-7-times-this-year-in-battle-against-inflation\/\"},\"author\":{\"name\":\"Justo Team\",\"@id\":\"https:\/\/blog.justo.ca\/blog\/#\/schema\/person\/83aa25fc0aabbb21ba75511552b8e9d8\"},\"headline\":\"Bank of Canada Raises Rate Again to 4.25%\",\"datePublished\":\"2022-12-08T19:40:40+00:00\",\"dateModified\":\"2023-09-12T19:08:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.justo.ca\/blog\/central-bank-has-raised-policy-rate-7-times-this-year-in-battle-against-inflation\/\"},\"wordCount\":204,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/blog.justo.ca\/blog\/#organization\"},\"articleSection\":[\"Knowledge\",\"News\",\"Toronto Real Estate\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/blog.justo.ca\/blog\/central-bank-has-raised-policy-rate-7-times-this-year-in-battle-against-inflation\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.justo.ca\/blog\/central-bank-has-raised-policy-rate-7-times-this-year-in-battle-against-inflation\/\",\"url\":\"https:\/\/blog.justo.ca\/blog\/central-bank-has-raised-policy-rate-7-times-this-year-in-battle-against-inflation\/\",\"name\":\"Bank of Canada Raises Rate Again to 4.25% - 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