The phrase "hike rates" means to increase or raise the prices or charges for something.
Sentences with «hike rates»
Therefore he will continue hiking rates at a measured pace for as long as economic numbers are relatively strong regardless of financial market movements. (themacrotourist.com)
Because some insurers hike rates more than others after an at - fault accident, shopping around is important for drivers in this group. (nerdwallet.com)
When the economy is close to full capacity, the bank hikes its rate to keep inflation from rising above its two per cent ideal target. (canadianbusiness.com)