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Bank of Canada Officials Divided Over Interest Rate Hike, Warn of Persistently Higher Rates
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Bank of Canada Senior Officials Divided on Interest Rate Hike, Minutes Show
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The Bank of Canada's senior officials are divided on whether interest rates need to rise to control inflation. Some officials believe rates should eventually climb, while others advocate for patience. Carolyn Rogers from the Bank of Canada warned of a potential scenario with persistently higher interest rates. The central bank also cautioned Canadians to prepare for a period of potentially higher rates.