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Some BoC governors wonder, has the central bank already cut its rate enough?
Some Bank of Canada members believe recent rate cuts provide sufficient support amid trade risks, while others see potential need for more easing if labor market weakens.
- The Bank of Canada held its policy rate steady at 2.75% on July 30, 2025, in Ottawa amid concerns over inflation and trade uncertainty.
- This decision followed seven consecutive rate cuts from June 2024 to March 2025 aimed at supporting the economy through U.S. tariffs and trade disruptions.
- July's labour report showed a loss of 51,000 full-time jobs and a stable 6.9% unemployment rate, partly due to a 33,000 decline in labour force participation.
- Some members questioned if the current rate already provides sufficient support, while others saw potential need for cuts if labour market weakness and inflation dynamics persist.
- The Bank plans to review August's employment, inflation, and GDP data before the next rate decision on September 17, 2025, reflecting ongoing uncertainty about future easing.
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The Bank of Canada's next decision will be announced on September 17, and some question whether it has already done enough to support the economy.
·Montreal, Canada
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BoC officials considered whether interest rate already low enough to weather tariffs
Newly released documents show some members of the Bank of Canada were wondering last month whether the central bank's benchmark interest rate is already low enough to support the Canadian economy through U.S. tariffs.
·Canada
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Recent literature shows that some members of the Bank of Canada questioned last month whether the central bank's benchmark interest rate was already low enough to support the Canadian economy despite U.S. tariffs.
·Montreal, Canada
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Winnipeg Free Press+17 Reposted by 17 other sources
Some BoC governors wonder, has the central bank already cut its rate enough?
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Coverage Details
Total News Sources25
Leaning Left12Leaning Right0Center2Last UpdatedBias Distribution86% Left
Bias Distribution
- 86% of the sources lean Left
86% Left
L 86%
14%
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