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CityNews Toronto·3 min read·medium

Bank of Canada holds key rate steady at 2.25%, predicts economic rebound

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News Staff
Bank of Canada holds key rate steady at 2.25%, predicts economic rebound
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The Bank of Canada has maintained its benchmark interest rate at 2.25% while expressing cautious optimism about an economic rebound. Officials noted that while global energy prices and Middle Eastern instability remain risks, current rates are deemed appropriate to manage inflation.

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OTTAWA — The Bank of Canada struck a somewhat optimistic tone about the economy after holding its policy rate steady on Wednesday but officials warned that instability in the Middle East is still weighing heavily on the outlook.

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Bank of Canada holds key rate steady at 2.25%, predicts economic rebound — Headlinne — headlinne