Bank of Canada holds rate at 2.25% and updates economic outlook
Latest news on WhatsApp أجدد الأخبار على واتسابThe Bank of Canada held its policy rate at 2.25% on Wednesday, keeping the overnight rate target unchanged in its first decision of 2026, alongside the release of its Monetary Policy Report with updated projections for growth and inflation.
The central bank said elevated uncertainty makes it difficult to predict the timing of future moves, while its base case continues to see inflation staying around the 2% target.
Reuters reported the Bank revised 2025 growth up to 1.7%, and projected 1.1% growth in 2026 and 1.5% in 2027, while flagging risks tied to U.S. tariffs and the upcoming CUSMA review
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Tahani Elghazaly5258 Posts
