B.C. Premier David Eby said the BoC interest rate rise Wednesday is “devastating news” for families that have debt. The central bank’s key interest rate with this 25 basis point increase now, stands at 5.0%. This level has not been seen since 2001.

B.C. Premier David Eby said the BoC interest rate rise Wednesday is “devastating news” for families that have debt. The central bank’s key interest rate with this 25 basis point increase now, stands at 5.0%. This level has not been seen since 2001.