The central bank is widely expected to deliver a fifth consecutive hold to its benchmark rate, which stands at 2.25 per cent.
OTTAWA - Bank of Canada governor Tiff Macklem doesn’t think the economy is in a recession, but he does acknowledge some recent weakness — something other economists argue should give the central bank more leeway to keep its key interest rate steady for the rest of the year.
The central bank’s policy rate remains at 2.25 per cent Wednesday after the central bank’s fifth consecutive hold, a move that was widely expected by economists.
Bank of Canada holds rates at 2.25% as Governor Macklem downplays recession fears
Bank of Canada keeps key interest rate at 2.25% | CBC News
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Bank of Canada holds its policy rate at 2.25% as Governor Tiff Macklem downplays recession fears despite a 1.6% GDP contraction…
Economists anticipate the Bank of Canada will hold key interest rate steady, awaiting clearer data amid a technical recession and…
Economists expect the Bank of Canada to hold its benchmark interest rate steady for the fifth straight time when it meets…
Wednesday's decision to hold the current rate came with a warning.
The central bank was largely expected to hold its benchmark rate at 2.25 — a fifth consecutive hold.
The Bank of Canada held its overnight rate at 2.25% for the fifth consecutive meeting, citing limited inflation spillover from…
