Bank of Canada to rely on judgment for rate decisions
Governing council minutes show the bank will rely on judgment amid Middle East conflict. Rates remain at 2.25 percent while officials monitor inflation risks.
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The governing council of the Bank of Canada has indicated it will lean more heavily on its own judgment for future interest rate decisions as global economic uncertainty intensifies. According to minutes released on Wednesday, the central bank is adopting a risk-management stance in response to geopolitical tensions and shifting trade dynamics.
