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Bank of Canada divided on impact of monetary policy given tariffs, say minutes

Summary by Ground News
Ahead of the Bank of Canada's July 30 interest rate decision, governors were divided on how much monetary policy could aid growth under current economic conditions, minutes of the meeting showed on Wednesday.

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Bank of Canada divided on impact of monetary policy given tariffs, say minutes

By Promit Mukherjee and David Ljunggren

·United Kingdom
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On the eve of the decision on interest rates taken by the Bank of Canada on 30 July, governors were divided on the extent to which monetary policy could help growth under current economic conditions, as the minutes of that meeting showed.The BoC kept its official interest rate at 2.75% for the third time in a row, but noted that it could cut rates if the economy weakened as a result of US tariffs and inflationary pressures were kept under contro…

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Kitco NEWS broke the news in on Wednesday, August 13, 2025.
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