Bank of Canada holds key interest rate at 2.25%
- On Wednesday, Canada's central bank held its benchmark interest rate steady at 2.25 per cent, continuing its hold on the policy rate for a seventh consecutive meeting.
- Policymakers cited uncertainty from a fresh trade war outbreak with the United States, which threatens economic recovery and raises risks of higher inflation.
- Inflation rose in July following volatile gas prices driven by the war in Iran, though economic growth has shown signs of rebounding after stagnating for much of last year.
- Tiff Macklem and Carolyn Rogers will discuss the decision at a morning press conference before the next rate announcement scheduled for late Oct.
- Economists widely anticipated the hold, as The Bank has remained on the sidelines since late last year while policymakers wait to assess how new tariffs will affect growth and inflation.
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8 Articles
Bank of Canada holds interest rate at 2.25%
The Bank of Canada announced on Wednesday that it decided to keep the interest rate unchanged at 2.25%. It also maintained the Bank Rate at 2.5% and the deposit rate at 2.20%.The BoC noted that the Ca...
Bank of Canada Holds Rates at 2.25% as Tariff War Heats Up
The Bank of Canada held interest rates steady for a seventh consecutive meeting as an escalation in the trade war with the US threatens growth and creates the risk of new inflation pressures.
Bank of Canada holds key rate at 2.25 per cent once again
OTTAWA — The Bank of Canada held its benchmark interest rate steady at 2.25 per cent for a seventh consecutive decision today. The central bank has been on the sidelines since late last year and was widely expected to remain on hold heading into today’s decision. Monetary policymakers at the Bank of Canada use the The post Bank of Canada holds key rate at 2.25 per cent once again appeared first on Medicine Hat News.
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