Bank of Canada to hold rates steady on July 30, but cut two more times in 2025- Reuters poll

Bank of Canada to hold rates steady on July 30, but cut two more times in 2025- Reuters poll

By Indradip Ghosh and Mumal Rathore BENGALURU (Reuters) -The Bank of Canada will hold its overnight interest rate steady at 2.75% on July 30 for the third consecutive meeting thanks to a recent rise in inflation and a fall in unemployment, according to a Reuters poll of economists that still found many expect at least two more cuts this year. The Canadian central bank has cut rates by a total of 225 basis points since June 2024, but has been on …

Bank of Canada Poised to Hold Rates Steady, Unveil New Projections - Action Forex

We’re expecting the Bank of Canada to leave the overnight rate unchanged again on Wednesday, while Thursday’s May’s gross domestic product (GDP) report for Canada will likely show a larger 0.2% decline, though most of it is expected to have reversed in June. Manufacturing activity likely remains soft from ongoing trade disruptions, but we expect […] The post Bank of Canada Poised to Hold Rates Steady, Unveil New Projections appeared first on Act…