Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Warren Buffett Acquires $400 Million of Home Capital Shares + MORE Jun 29th
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Wealthsimple Crypto Review: Cryptocurrency Investing Made Easy Apr 23rd
In July 2020, Wealthsimple unveiled the upcoming Wealthsimple Crypto, and with that, Canada’s leading Robo-advisor officially entered the cryptocurrency trading game. In this full review, I’ll cover everything you need to know, and hopefully answer any questions you have.
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Canada’s best rewards credit cards for 2023 Jun 17th
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The 10 best rewards credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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Philippine central bank raises overnight borrowing rate to pre-empt rise in inflation
– canadianbusiness.com
MANILA, Philippines – The Philippine central bank has raised its key interest rate by a quarter percentage point to counter inflation.
The rate the central bank charges commercial banks for overnight borrowing was Thursday raised to 5.75 per cent.
Central bank Gov. Amando Tetangco says the decision was “a pre-emptive response to signs of inflation pressures and elevated inflation expectations.”
He says latest forecasts for inflation have shifted closer to the higher end of the 2015 target range of 2 to 4 per cent.
Tetangco cites higher food prices, short-term volatility in oil prices and pending power rate and transport fare increases as adding to risks.
Last month’s Inflation rate was 4.4 per cent, within government’s 2014 target.
The post Philippine central bank raises overnight borrowing rate to pre-empt rise in inflation appeared first on Canadian Business.
The rate the central bank charges commercial banks for overnight borrowing was Thursday raised to 5.75 per cent.
Central bank Gov. Amando Tetangco says the decision was “a pre-emptive response to signs of inflation pressures and elevated inflation expectations.”
He says latest forecasts for inflation have shifted closer to the higher end of the 2015 target range of 2 to 4 per cent.
Tetangco cites higher food prices, short-term volatility in oil prices and pending power rate and transport fare increases as adding to risks.
Last month’s Inflation rate was 4.4 per cent, within government’s 2014 target.
The post Philippine central bank raises overnight borrowing rate to pre-empt rise in inflation appeared first on Canadian Business.
