BoC hikes by 50bps, starts QT, maintains tightening bias

<p>BoC raises overnight rate by 50bps to 1.00% as widely expected. The Bank Rate and deposit rate are increased to 1.25% and 1.00% respectively. Additionally, BoC announced to end the asset reinvestment phase and starts quantitative tightening, effect April 25. BoC also maintains tightening bias, and said, “with the economy moving into excess demand and […]</p>
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