Bank of Canada (BoC) officials earned $20 million in bonuses while hiking interest rates on Canadians and failing their 2% inflation mandate.

According to records obtained by the Canadian Taxpayers Federation (CTF) through access to information requests, as inflation reached a 40-year high, 80% of the central bank’s workforce received at least one bonus.

BoC bureaucrats received an average of $11,200 in bonuses.