Regulatory Alerts2026-06-10
Added · Updated
Bank of Canada maintains the policy rate at 2¼%
The Bank of Canada maintained its overnight rate target at 2.25% amid persistent global economic uncertainties and elevated energy prices. Canadian economic activity remains weak with GDP contracting in the first quarter, while inflation is expected to hover near 3% in the near term before easing toward the 2% target. The Governing Council emphasized its commitment to price stability and readiness to adjust policy as the outlook evolves.
Topics
monetary
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