Financial News: Bank Of Canada Leaves Interest Rates Unchanged Once

Bank Of Canada Leaves Interest Rates Unchanged Once Again

06/10/2026 - 10:10:00 (RTTNews)

(RTTNews) - In a widely expected move, the Bank of Canada announced on Wednesday that it has once again decided to 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 2.5 percent and the deposit rate at 2.20 percent.

In its accompanying statement, the BoC said the ongoing Middle East conflict and the resulting increases in energy prices and disruptions in global supply chains are weighing on global economic growth and pushing up inflation.

The BoC also noted U.S. President Donald Trump's administration continues to propose new tariffs and trade policy uncertainty remains elevated.

While the BoC said its Governing Council is continuing to look through the war's near-term impact on headline inflation, it stressed that it will not let higher energy prices become persistent inflation.

"As the outlook evolves, we stand ready to respond as needed," the BoC said. "The Bank is committed to maintaining Canadians' confidence in price stability through this period of global upheaval."

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Australia Trade Data Due On Thursday (48 min(s), 38 sec(s) ago)
(RTTNews) - Australia will on Thursday release May figures for imports, exports and trade balance, ...Full Story»

Czechia Manufacturing Growth Strongest Since April 2022 (07 hr(s), 0 min(s),38 sec(s) ago)
(RTTNews) - Czech factory activity expanded at the fastest pace in more than four years in June as ...Full Story»

Greece Factory Growth Strongest In 3 Months (07 hr(s), 45 min(s), 38 sec(s) ago)
(RTTNews) - Greece's manufacturing activity expanded at an accelerated pace in June amid an im ...Full Story»

U.S. Manufacturing Index Dips But Still Indicates Growth In June (08 hr(s), 07 min(s), 38 sec(s) ago)
(RTTNews) - A report released by the Institute for Supply Management on Wednesday showed a modest ...Full Story»

Austria Inflation Eases To 3.2% In June (08 hr(s), 47 min(s), 38 sec(s) ago)
(RTTNews) - Austria's consumer price inflation moderated in June from a 5-month high in the pr ...Full Story»

Eurozone Inflation Eases To 2.8% (08 hr(s), 52 min(s), 38 sec(s) ago)
(RTTNews) - Euro area inflation slowed to a three-month low in June as food, energy and services p ...Full Story»

Croatia Inflation Eases To 4-Month Low (09 hr(s), 57 min(s), 38 sec(s) ago)
(RTTNews) - Consumer price inflation in Croatia moderated further in June to the lowest level in f ...Full Story»

U.S. Private Sector Employment Increases Less Than Expected In June (10 hr(s), 12 min(s), 38 sec(s) ago)
(RTTNews) - Private sector employment in the U.S. increased by less than expected in the month of ...Full Story»