BoC holds benchmark rate at 2.25% amid oil price shock

Inflation cooled in February before oil price shock; last data ahead of BoC rate call

Canada’s annual inflation rate slowed to 1.8 per cent in February, Statistics Canada reported this week, but economists cautioned that the improvement may prove fleeting as Iran's conflict pushes gasoline prices higher

BoC holds benchmark rate at 2.25% amid oil price shock

Macklem says the central bank is ready to adjust policy if needed as inflation risks emerge

Canada opts to keep its key interest rate steady at 2.25% amid global economic uncertainty - The Canadian Media

Ottawa/IBNS-CMEDIA: The Bank of Canada kept its target for the overnight rate unchanged at 2.25%, as policymakers weighed the economic fallout from geopolitical tensions, volatile energy prices and softening domestic data. In its policy statement, the central bank warned that the ongoing conflict in the Middle East has “increased volatility in global energy prices and financial markets”, adding that the scale and duration of the crisis remain hi…

Bank of Canada holds rate at 2.25% amid global uncertainty and rising energy prices

OTTAWA — The Bank of Canada held its key interest rate steady Wednesday, citing growing global uncertainty tied to conflict in the Middle East and mixed signals in the domestic economy. The central bank kept its target for the overnight rate at 2.25 per cent, with the bank rate at 2.5 per cent and the deposit rate at 2.20 per cent. Officials say rising geopolitical tensions have increased volatility in global energy prices and financial markets,…

BoC holds at 2.25%, flags growth risks despite rising energy inflation - ActionForex

The Bank of Canada left its overnight rate unchanged at 2.25% as widely expected, but the accompanying statement struck a cautious tone, emphasizing downside risks to growth even as inflation risks rise due to higher energy prices. Policymakers acknowledged that uncertainty remains elevated, particularly around US trade policy and the unfolding Middle East conflict. The […] The post BoC holds at 2.25%, flags growth risks despite rising energy in…