Bank of Canada raises rates for the first time in three years, to 2.50%

FinanceInternationalXTB.comOct 28, 2026, 9:03 AM20 s readAI summary

The Bank of Canada raised its overnight rate by 25 basis points to 2.50%, its first increase in more than three years. The central bank showed caution about future moves.

In 20 seconds

The Bank of Canada raised the overnight rate by 25 basis points to 2.50%.
It is the first rate increase in more than three years.
The institution showed caution about its upcoming decisions.

Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

Banco de Canadá
tipos de interés
política monetaria

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Bank of Canada raises rates for the first time in three years, to 2.50%

In 20 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day