![Bank of Canada to gauge need for further rate hikes based on data – minutes](https://www.usinternationalnews.com/wp-content/uploads/2023/06/images-16.jpeg)
Bank of Canada to gauge need for further rate hikes based on data – minutes
The Bank of Canada agreed that the need for further rate hikes would be determined by fresh economic data after it lifted rates to a 22-year high earlier this month, minutes from their policy meetings released on Wednesday showed. On June 7 the central bank, which had been on hold since January, raised its overnight…