Bank of Canada holds key interest rate at 2.25%

The Bank of Canada held its key interest rate and is warning of higher inflation. Here’s what you need to know.

The Bank of Canada is holding its key policy interest rate at 2.25 per cent for the fourth consecutive time as it warns of higher inflation for the short term.

Canada holds key rate steady, says will act if war inflation persists

Canada's central bank held its key lending rate at 2.25 percent on Wednesday, but warned it may need to act if inflation caused by the Middle East war persists.

Bank of Canada leaves key interest rate at 2.25 per cent

The overnight has been at 2.25 per cent since last fall and economists are not predicting a change Wednesday.

Bank of Canada Maintains Key Rate at 2.25%, Says Future Changes Depend on US Tariffs and Energy Prices

OTTAWA—The Bank of Canada has kept its key interest rate at 2.25 percent for a fourth straight meeting, while saying rates could either fall due to U.S. tariffs or rise due to higher energy prices. Speaking to reporters on April 29, Bank of Canada Governor Tiff Macklem said his baseline forecast is that oil prices will trend downwards after spiking due to the war in the Middle East, and the United States will not levy any more tariffs on Canada.…

Text of the Bank of Canada's latest interest rate decision

The Bank of Canada held its policy interest rate at 2.25 per cent on Wednesday. Here is the text of the central bank’s decision:

Bank of Canada holds policy rate at 2.25%, warns higher energy prices may lift inflation

Central bank says Iran war has sharply raised energy prices, disrupted transport, added to global inflation pressures