Bank of Canada meeting —
At its 12 March 2025 meeting, the Bank of Canada lowered its policy rate from 3.00% to 2.75%.
Decision
cut — 3.00% to 2.75%
Key passages
The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.
However, heightened trade tensions and tariffs imposed by the United States will likely slow the pace of economic activity and increase inflationary pressures in Canada.
Meeting documents
Background reading
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