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Bank of Canada to make interest rate announcement and update economic forecasts
The Bank of Canada maintains its 2.25% rate amid muted growth, elevated unemployment, and USMCA trade pact uncertainty, with no rate moves expected through 2026, analysts say.
- On Jan. 28, 2026, the Bank of Canada will announce its interest rate decision and publish the Monetary Policy Report, with Governor Tiff Macklem holding a news conference afterward.
- Having cut interest rates nine times since the summer of 2024, the Bank of Canada hit cruise control last month as business sentiment remained subdued and unemployment stayed elevated.
- Policy interest rate is set at 2.25 per cent, and economists widely expect the Bank of Canada to leave the benchmark unchanged.
- Economic growth remains muted and unemployment elevated, limiting clear rationale for aggressive tightening now by the Bank of Canada.
- Governor Tiff Macklem said in December that the Bank expects inflation near its two per cent target this year and is prepared to respond if the outlook changes.
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17 Articles
17 Articles
Coverage Details
Total News Sources17
Leaning Left9Leaning Right0Center4Last UpdatedBias Distribution69% Left
Bias Distribution
- 69% of the sources lean Left
69% Left
L 69%
C 31%
Factuality
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