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Will the Bank of Canada hold rates through 2026? Poll points to a pause, with trade risks in focus

Will the Bank of Canada hold rates through 2026? Poll points to a pause, with trade risks in focus

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Most economists expect the Bank of Canada to keep its policy rate on hold at 2.25% throughout 2026, a Reuters poll found, as inflation is seen largely contained and growth expected to improve gradually.

 

All economists surveyed in the poll forecast the Bank will hold rates at its next decision on January 28, 2026, when it will also release its quarterly Monetary Policy Report.

 

The outlook is not a guarantee. Analysts say the path could shift if trade tensions intensify and weigh on growth, which could revive the case for cuts, while stickier core inflation or stronger activity could bring rate-hike risk forward into late 2026.