There’s that word = “PAUSE”. Bank Of Canada Hikes 25bps As Expected, Will Hold Rates As It “Assesses Impact”
The Bank of Canada joined the "one and done" bandwagon moments ago when the central bank hiked rates by 25bps - as expected by most strategists - for an eight consecutive, but also perhaps final time, because the central bank says it "expects to hold" rates "while it assesses the impact of the cumulative interest rate increases." The hike brought the benchmark overnight rate to 4.5%, the highest level in 15 years... and where it was back in 2007 when it rapidly plunged to a record low one year later.