Sisi Chan

‘Prices have not come down,’ says Bank of Canada after holding rates

The Bank of Canada held its benchmark lending rate unchanged at 2.25%, aligning with economists’ expectations and reflecting positivity from recent economic indicators.

Economic indicators: The Bank made its decision considering elements like economic output, consumer inflation, and the labour turnover survey. There’s a potential for an interest rate hike forecasted for 2026.

Bank and economist statements

Senior economists and banking officials discussed potential rate hikes, citing trade wars and tariffs as external factors of influence.

Bank meeting decisions

Past decisions of the Bank regarding rate changes were analyzed and the reasons for maintaining the current rate were attributed to various economic conditions.

Monetary policy update frequency

Updates on the policy and reasoning behind unchanged rates highlight the importance of balancing economic forces.

Predicament Overview

Following the recent announcement, the Bank’s preparedness for future challenges was outlined.

Press Conference

The governor responded to questions about rising living costs, elaborating on the relation between the stability of inflation and consumer prices.

Economic growth strategy

The focus was put on managing the cost of goods and services while increasing incomes for Canadian workers according to an earlier report.

Pointers were given to numerous video links and images on the topic for additional insight.