The central bank of Canada raised its interest rate by 25 basis points, to 2.5%, the "Wall Street Journal" writes, citing the published minutes of the meeting. The regulator explained the decision by the need to contain inflation risks against the background of high energy prices and the stability of the local economy. The leadership of the central bank stated that the current economic uncertainty should not be used as a reason for inaction, since a prolonged energy shock could lead to a widespread increase in prices for the consumer.

The central bank of Canada raised its interest rate by 25 basis points, to 2.5%, the "Wall Street Journal" writes, citing the published minutes of the meeting. The regulator explained the decision by the need to contain inflation risks against the background of high energy prices and the stability of the local economy. The leadership of the central bank stated that the current economic uncertainty should not be used as a reason for inaction, since a prolonged energy shock could lead to a widespread increase in prices for the consumer.