2026-06-10

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Monetary Policy Decision Press Conference Opening Statement

The Bank of Canada maintained its policy interest rate at 2.25% to balance economic weakness against rising inflation driven by Middle East conflict and trade uncertainty. The Governing Council decided to look through the near-term impact of higher energy prices while remaining vigilant against persistent broad-based inflation. Future policy adjustments may involve rate cuts if US trade restrictions materialize or rate hikes if energy prices trigger ongoing generalized inflation.

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