# Bank of Canada raises rate to 2.5%, first hike since 2023

https://mins.news/en/video/119333

- Bloomberg Television, 2026-10-28 15:06 UTC
- Economy
- Original: https://www.youtube.com/watch?v=eY8fOfliImY

> The Bank of Canada lifted its benchmark overnight rate by 25 basis points to 2.5% on Wednesday, its first increase since July 2023. Governor Tiff Macklem said the move could curb inflation risks from higher energy prices.

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