Regulatory Alerts2026-07-15
Added · Updated
Bank of Canada Press Conference Opening Statement on Monetary Policy Report
The Governing Council of the Bank of Canada maintained the policy interest rate at 2.25%. The Bank projects CPI inflation will ease gradually and return to the 2% target in early 2027, assuming oil prices stabilize between US$70 and US$75 per barrel. The Bank judges the current rate appropriate to sustain economic recovery and bring inflation back to target, while remaining prepared to adjust monetary policy as needed given elevated uncertainty.
Topics
monetary
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