Regulatory Alerts2026-07-29
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Summary of Governing Council deliberations: Fixed announcement date of July 15, 2026
The Bank of Canada Governing Council decided to maintain the policy interest rate at 2¼% on July 15, 2026. The Bank agreed to look through the direct effects of higher global oil prices on inflation, noting limited evidence of spillovers to other goods and services. This decision reflects expectations that economic growth will strengthen in the second half of 2026 and inflation will ease toward the 2% target by early 2027.
Topics
monetary
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