Bank of Canada holds interest rates at 2.25%
BOCBANK
Statements (5)
- Neutral
Bank of Canada governor Macklem stated the central bank will make rate decisions based on domestic economic situation rather than markets or the Federal Reserve
- Neutral
Bank of Canada policymakers agreed that inflation risks had intensified and rate hikes could be required should evidence emerge of higher fuel costs spilling over to prices of other goods and services.
- Neutral
Bank of Canada is likely to not raise interest rates despite inflation reaching 3% in July.
- Bullish
Bank of Canada expects inflation rate to decelerate
- Neutral
Bank of Canada held benchmark interest rate steady at 2.25 per cent for sixth straight time