Bank of Canada meeting —

At its 10 December 2025 meeting, the Bank of Canada held its policy rate at 2.25%.

Decision

hold — 2.25% to 2.25%

Key passages

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

Rate unchanged as expected.

Major economies around the world continue to show resilience to US trade protectionism, but uncertainty is still high.

Global resilience but elevated uncertainty.

Meeting documents

Background reading

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