Financial News: Bank Of Canada Leaves Rates Unchanged, Highlights Upside

Bank Of Canada Leaves Rates Unchanged, Highlights Upside Risks To Inflation

09/02/2026 - 09:58:00 (RTTNews)

(RTTNews) - With the economy and inflation evolving broadly as forecast, the Bank of Canada on Wednesday announced its widely expected decision to once again leave interest rates unchanged.

The Bank of Canada said it decided to maintain 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.

The Canadian central bank said recent data has reaffirmed the Governing Council's view of a broadening recovery in Canada's economy.

However, the BoC noted uncertainty is high and new U.S. tariffs and threats of further action pose risks to the sustainability of the recovery.

The BoC said the upside risks to inflation have increased, while new tariffs make growth prospects more uncertain.

The Canadian central bank said its Governing Council will assess the sustainability of the economic rebound and the outlook for inflation and is prepared to adjust monetary policy as needed.

"The Bank remains committed to maintaining Canadians' confidence in price stability through this period of global upheaval," the BoC said.

The Bank of Canada's next scheduled date for announcing the overnight rate target is October 28, 2026.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Slovenian Consumers More Pessimistic In September (02 hr(s), 33 min(s), 35 sec(s) ago)
(RTTNews) - Consumers in Slovenia remained slightly more pessimistic in September, and the confide ...Full Story»

Belgian Consumer Confidence Weakens In September (03 hr(s), 08 min(s), 35 sec(s) ago)
(RTTNews) - Households in Belgium expressed a more pessimistic attitude in September as they expre ...Full Story»

Spain Trade Gap Widens In July (03 hr(s), 43 min(s), 35 sec(s) ago)
(RTTNews) - Spain's foreign trade deficit increased notably in July from a year ago as imports ...Full Story»

Taiwan Export Order Growth Accelerates To 71.4% (04 hr(s), 19 min(s), 35 sec(s) ago)
(RTTNews) - Taiwan's export order growth quickened for the third straight month in August, dat ...Full Story»

UK Manufacturing Order Books Improve: CBI (04 hr(s), 31 min(s), 35 sec(s) ago)
(RTTNews) - UK manufacturing orders improved for the second straight month in September, the Indus ...Full Story»

Amended: UK Budget Deficit Exceeds Estimate (04 hr(s), 48 min(s), 35 sec(s) ago)
(RTTNews) - Corrects first para The UK budget deficit exceeded the government estimate in Aug ...Full Story»

UK Borrowing Overshoots Estimate (04 hr(s), 50 min(s), 35 sec(s) ago)
(RTTNews) - The UK government borrowing exceeded the official estimate in August as spending rose ...Full Story»

Poland Retail Sales Growth Eases To 3.8% (06 hr(s), 05 min(s), 35 sec(s) ago)
(RTTNews) - Poland's retail sales growth moderated unexpectedly in August, though marginally, ...Full Story»