Bank of Canada Holds Rate at 2.25 Percent
The Bank of Canada held its key policy rate steady at 2.25 percent on Wednesday. Officials warned that worsening trade disputes and new United States tariffs could increase domestic inflation risks and cloud economic growth prospects.
Xurve View
Insights:
Xurve View
Canada kept its key policy rate at 2.25% on Wednesday afternoon, warning that new tariffs could drive up domestic inflation. The benchmark rate has remained unchanged for 11 months despite mounting global trade pressures. The decision leaves borrowing costs steady as policymakers weigh growth risks from the United States.
