Bank of Canada maintains interest rates at 2.25 percent
The Bank of Canada held its key rate at 2.25 percent today. Governor Tiff Macklem warned of potential hikes if energy prices drive persistent inflation.
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The Bank of Canada maintained its key policy rate on Wednesday, signaling a cautious stance while remaining prepared to act if inflationary pressures from global energy markets intensify. Governor Tiff Macklem emphasized that the central bank is ready to implement rate hikes in Canada to prevent higher energy costs from becoming a permanent fixture of the economic landscape.
