Ottawa – Canadian bank expects to decide interest rate this morning.
Economists and financial markets are widely expected that the central bank will maintain its policy rate at 2.75 percent.
A surprisingly strong June job reports and stubborn signs in core inflation assured many economists that the bank would be in hold.
Bank of Canada left its major rate unchanged over its two most recent decisions as it waits for more clarity on how the Canada’s tariff dispute with the United States will affect inflation and economy.
The rate decision will come up with a new monetary policy report where the central bank is expected to share its approach to the economy as trade remains uncertainty.
In its April judgment, the bank did not make a traditional forecast and published a pair of landscapes instead how the economy could respond to various levels of tariffs moving forward.
This report of Canadian Press was first published on 30 July 2025.
Canadian press
