Bank of Canada meeting —

At its 10 June 2026 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%.

No change as expected; focus shifts to forward guidance.

Governing Council is continuing to look through the war’s near-term impact on headline inflation, but will not let higher energy prices become persistent inflation.

Explicit condition that persistent inflation from energy will trigger policy response; rates may need to rise if pass-through materializes.

Meeting documents

Background reading

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