Скачать или смотреть Bank of Canada holds key interest rate steady at 2.25% in soft economy

he Bank of Canada held its benchmark interest rate steady Wednesday and forecasts a gradual economic recovery from the U.S. tariff shock.

The policy rate remains at 2.25 per cent after the central bank’s first decision of the year.

Economists had widely expected the hold.


Bank of Canada governor Tiff Macklem said in prepared remarks that the economy has evolved broadly in line with the central bank’s expectations since hitting pause on its interest rate easing cycle in December.

But he also warned that uncertainty remains “unusually high,” particularly around geopolitical risks and the upcoming review of the Canada-U.S.-Mexico agreement.

Macklem said it’s “too early to tell how well the Canadian economy will adjust to current tariffs and ongoing uncertainty.”

He said the central bank’s governing council sees the policy rate as “appropriate” based on the central bank’s outlook, but the “timing or direction of the next change in the policy rate” is difficult to predict.

Subscribe to CP24 to watch more videos:    / cp24torontobreakingnews  

Connect with CP24:
For the latest news: https://www.cp24.com/
For the latest videos: https://www.cp24.com/video
CP24 Live and Interactive: https://www.cp24.com/now
CP24 on Twitter:   / cp24  
CP24 on TikTok:   / cp24breakingnews  
CP24 Breakfast on Twitter:   / cp24breakfast  
---
CP24 is Toronto's #1 source for breaking news.

#CP24 #torontonews #canadiannews