After the Bank of Canada decided to raise interest rates again at the monetary policy meeting yesterday, Wednesday; American investment banks Goldman Sachs and JP Morgan see it likely that the Bank of Canada will raise rates one last time by 25 basis points to reach a final rate of 5.25%.

In this regard, during the Monetary Policy Committee meeting yesterday, Wednesday, the Bank of Canada raised interest rates by about 25 basis points to reach the current rate of 5.00%, the highest level in 22 years.

In this context, Bank of Canada Governor Tiff Macklem stated during the press conference after the rate hike decision that additional rate decisions will be made by assessing incoming data and inflation forecasts, adding that the Bank of Canada is ready to raise interest rates further.

However, Goldman Sachs warned that the Bank of Canada's final rate hike might be postponed until next September if upcoming activity and inflation data surprise markets by rising.