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Bank of Canada raises interest rates for the first time in three years

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The Bank of Canada raised its key rate by a quarter point on Wednesday as soaring energy prices pushed up inflation. Al Jazeera

Al JazeeraBank of Canada raises interest rates for the first time in three yearsThe central bank increased the key rate by a quarter point as soaring energy prices pushed up inflation.

How much should central banks respond to energy-driven inflation, versus waiting for it to pass?

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