Bank of Canada meeting —
At its 16 April 2025 meeting, the Bank of Canada held its policy rate at 2.75%.
Decision
hold — 2.75% to 2.75%
Key passages
The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.
The major shift in direction of US trade policy and the unpredictability of tariffs have increased uncertainty, diminished prospects for economic growth, and raised inflation expectations.
Meeting documents
Background reading
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