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Policy Interest Rate Hikes by BOC in Sept 2022

Updated: Jan 25, 2023

Another .75% hike by BOC has been announced today, which will be in effect from tomorrow.


This is the fifth 2nd highest hike in the past 6 months which has brought some stability to the real estate market across Canada.


This means that prime will be now 5.45%, and the stress test will remain at 5.25%, that is the question? We will find out in the next couple of days.


Below chart: courtesy https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/


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