US EditionBank of Canada cuts key interest rate to 2.25%
- On Oct. 29, 2025, the Bank of Canada lowered its key interest rate by 25 basis points to 2.25 per cent.
- After months without forecasts, the central bank had cut its benchmark to 2.25 per cent in September amid trade disruptions and will publish an updated outlook in a new monetary policy report.
- Financial markets and many economists had expected the bank to deliver a second cut, as inflation rose half a point to 2.4 per cent in September, Porter said.
- The bank's governing council voted for the second consecutive cut and fourth this year, while Governor Tiff Macklem suggested the easing cycle may be ending to keep inflation near 2 per cent.
- Longer-Term forecasts indicate the bank estimates Canada's gross domestic product will be about 1.5 percentage points smaller next year due to U.S. tariffs, describing the weakness as a structural transition.
50 Articles
50 Articles
Simcoe.com
Bank of Canada cuts interest rate. Experts break down whether that’s a good or bad sign for the economy, mortgage rates and investments
Dropping the interest rate brings the overnight lending rate to 2.25 per cent — a figure used by mortgage companies and money lenders to create their loan repayment fees.
Metro Vancouver homeowners eye relief as Bank of Canada cuts key rate again
The Bank of Canada has lowered its key interest rate once again — bringing the overnight rate down to 2.25 per cent — a move that could offer at least some relief to Metro Vancouver homeowners squeezed by high prices and steep borrowing costs.
canadianunderwriter.ca
Bank of Canada lowers key interest rate but signals cuts may be done
Tiff Macklem, Governor of the Bank of Canada, holds a press conference at the Bank of Canada in Ottawa on Wednesday, Oct. 29, 2025. THE CANADIAN PRESS/Sean Kilpatrick OTTAWA – The Bank of Canada cut its benchmark interest rate by a quarter point Wednesday and signalled it may be satisfied with where the policy rate sits amid ongoing U.S. trade uncertainty. The central bank’s key rate now stands at 2.25 per cent after a second consecutive cut. Ba…
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