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Bank of Canada’s surprise hike calls thoughts of a pause in interest rates into question
08 June 2023 – 18:55 Lindiwe Tsobo
The JSE eased lower on Thursday as investors considered a surprise interest rate hike by the Bank of Canada overnight while awaiting fresh news for further direction.
The bank was the first major central bank to pause its interest-rate hiking cycle in March, and Wednesday’s unexpected move has led investors question the conventional view that rates increases could be paused…
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