 The Bank of Canada today increased its target for the overnight rate to 334,414, with the Bank Rate at 412 and the deposit rate at 334.414. The Bank is also continuing its policy of quantitative tightening.Inflation around the world remains high and broadly based. This reflects the strength of the global recovery from the pandemic, a series of global supply disruptions, and elevated commodity prices, particularly for energy, which have been pushed up by Russias attack on Ukraine. The... 