Financial News: Bank Of Canada Holds Interest Rates Steady

Bank Of Canada Holds Interest Rates Steady

07/15/2026 - 10:26:00 (RTTNews)

(RTTNews) - The Bank of Canada on Wednesday announced its widely expected decision to once again leave interest rates unchanged.

The Canadian central bank said it decided to hold its target for the overnight rate at 2.25 percent, with the Bank Rate at 2.50 percent and the deposit rate at 2.20 percent.

The BoC said its Governing Council judges the current policy rate remains appropriate to sustain the economic recovery and bring inflation back to the 2 percent target.

Noting that uncertainty remains high, the BoC said its Governing Council will continue to assess the strength of the Canadian economy and the outlook for inflation and is prepared to adjust monetary policy as needed.

The BoC also said the Canadian economy is showing signs of improvement, with growth picking up and inflation projected to ease gradually from its recent spike.

However, the Canadian central bank noted there are still important risks and uncertainties related to the war in the Middle East and U.S. trade policy.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Crude Oil Inventories Dip Less Than Expected (45 min(s), 19 sec(s) ago)
(RTTNews) - Crude oil inventories in the U.S. decreased by less than expected in the week ended Ju ...Full Story»

New York Manufacturing Activity Picks Up Considerably In July (54 min(s), 19 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve Bank of New York on Wednesday showed regional ...Full Story»

Bank Of Canada Holds Interest Rates Steady (59 min(s), 19 sec(s) ago)
(RTTNews) - The Bank of Canada on Wednesday announced its widely expected decision to once again l ...Full Story»

U.S. Producer Prices Dip More Than Expected In June As Energy Prices Plunge (01 hr(s), 23 min(s), 19 sec(s) ago)
(RTTNews) - Producer prices in the U.S. decreased by more than expected in the month of June, acco ...Full Story»

Croatia Inflation Confirmed At 4-month Low (01 hr(s), 46 min(s), 19 sec(s) ago)
(RTTNews) - Consumer price inflation in Croatia moderated further in June to the lowest level in f ...Full Story»

New York Manufacturing Index Jumps Much More Than Expected In July (02 hr(s), 40 min(s), 19 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve Bank of New York on Wednesday showed regional ...Full Story»

U.S. Producer Prices Dip More Than Expected In June (02 hr(s), 46 min(s), 19 sec(s) ago)
(RTTNews) - Producer prices in the U.S. decreased by more than expected in the month of June, acco ...Full Story»

Irish Trade Surplus Shrinks Sharply In May (03 hr(s), 28 min(s), 19 sec(s) ago)
(RTTNews) - Ireland's foreign trade surplus decreased markedly in May from a year ago as expor ...Full Story»