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The U.S. Federal Reserve Board is “increasingly likely” to raise interest rates four times this year

The hikes follow a move by the Bank of Canada to boost its key short-term rate

Many economists expect the central bank to raise the overnight rate by 25 basis points to 1.25%

Interest rate hike, new mortgage rules may trigger real estate market slowdown

With domestic growth fueling inflation, Scotiabank predicts the Bank of Canada will increase rates three times this year

The bank will announce its upcoming target on Jan. 17

  • By: IE Staff
  • January 11, 2018 January 11, 2018
  • 15:10

At its Dec. 14 meeting, the ECB council left benchmark interest rates and its stimulus program unchanged

The central bank pointed to encouraging job and wage growth, sturdy business investment and the resilience of consumer spending as reasons for a pending interest rate hike

Inflation has been in the lower end of the central bank’s itarget bands of 1% to 3% for quite some time

Central bank signals more hikes likely over time