Bank of Canada Holds Interest Rates Steady for Third Consecutive Time, Keeping Rate Cut Flexibility Amid Tariff Risks
The Bank of Canada has announced its decision to keep the benchmark interest rate unchanged for the third consecutive time, indicating a cautious outlook on future economic trends. The bank noted that it retains the flexibility to lower rates despite facing various risks, including tariff issues, and will adjust its policy stance based on economic data.
In its latest statement, the bank emphasized that volatility in the global economy has prompted them to maintain the current interest rate level to mitigate uncertainty and further observe trends in inflation and the job market.
