Business·BreakingThe central bank was largely expected to hold its benchmark rate at 2.25 — a fifth consecutive hold.Central bank was largely expected to not change rateCBC News · Posted: Jun 10, 2026 10:17 AM EDT | Last Updated: 3 minutes agoListen to this articleEstimated 1 minuteThe audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.Bank of Canada governor to speak after interest rate announcementLIVEStarted 9 minutes agoBank of Canada governor Tiff Macklem will take questions Wednesday after the central bank made its latest interest rate announcement.The Bank of Canada held its key interest rate at 2.25 per cent on Wednesday, as economists had widely predicted, as the bank seeks to balance economic turbulence while keeping inflation from rising too much. The decision marks the central bank's fifth consecutive rate hold, as a number of factors have complicated the economic picture.The central bank noted that the ongoing war in the Middle East, which has raised energy prices, has contributed to inflation, making life more expensive for Canadians.But there has been "limited evidence" of high energy costs being passed through to consumer prices more broadly, according to the bank."Governing Council is continuing to look through the war’s near-term impact on headline inflation, but will not let higher energy prices become persistent inflation," the central bank said in its rate announcement.More to come