Bank of Canada meeting —
At its 15 July 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%.
Canada’s economy is showing signs of improvement. Growth is picking up and inflation is projected to ease gradually from its recent spike. There are still important risks and uncertainties related to the war in the Middle East and US trade policy.
Meeting documents
Background reading
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