Bank of Canada holds key interest rate at 2.25%

Bank of Canada holds key rate at 2.25% as tariffs, Iran war cloud outlook

OTTAWA — The Bank of Canada held its benchmark interest rate steady again on Wednesday as new U.S. tariffs and the ongoing war in Iran cloud the central bank's outlook. The Bank of Canada's policy rate remains at 2.

Bank of Canada holds key rate at 2.25 per cent once again - National

Monetary policymakers at the Bank of Canada use the policy rate to keep a lid on inflation and support economic growth when prices are contained.

Bank of Canada Holds Key Rate at 2.25 Percent, Says Higher Inflation Risks Have Increased

Bank of Canada Governor Tiff Macklem is seen during a news conference in Ottawa, on March 18, 2026. (The Canadian Press/Adrian Wyld)

Bank of Canada keeps interest rates steady amid geopolitical strife

Once again, the Bank of Canada is holding its key interest rate, the overnight rate, steady at 2.25 per cent.

Bank of Canada keeps its policy rate at 2.25%

The Bank of Canada kept its key policy rate on hold at 2.25% today, as widely expected, but said the risks to inflation had grown while new US tariffs made growth prospects more uncertain.

Bank Of Canada Leaves Rates Unchanged, Highlights Upside Risks To Inflation

With the economy and inflation evolving broadly as forecast, the Bank of Canada on Wednesday announced its widely expected decision to once again leave interest rates unchanged.