Regulatory Alerts2026-07-15
Added · Updated
Bank of Canada Holds Overnight Rate Target at 2.25 Percent
The Bank of Canada maintains the target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The Governing Council judges the current policy rate appropriate to sustain economic recovery and return inflation to the 2% target, while remaining prepared to adjust monetary policy as needed. The next scheduled announcement for the overnight rate target is set for September 2, 2026.
Topics
monetary
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