The Bank of Canada maintains its key interest rate unchanged at 2.75 %, for a third consecutive decision of status quo by its management board.
In its morning press release, the Bank of Canada indicates that “in this context where uncertainty [des mesures commerciales américaines] remains high, where the Canadian economy shows a certain resilience and where pressure on underlying inflation remain, the management board [de la Banque du Canada] decided to leave the key rate unchanged. »»
“We will continue to analyze the evolution and the strength of the pressures on inflation – those down due to the weakening of the economy and those upwards arising from the rise in costs attributable to customs duties and the reorganization of trade. »»
For the continuation, the Bank of Canada indicates that an upcoming reduction in the interest rate “may be necessary if the weakening of the economy weighs additional drop pressure on inflation, and that the upward pressures on prices due to commercial disturbances are contained. »»