The Bank of Canada decided to maintain its benchmark interest rate at 2.25 per cent on Wednesday, a move that was widely anticipated by economists. Since December 2025, Canada’s central bank has not made any changes to the rate, and this recent decision marks the seventh consecutive time that the policy rate remains unchanged.
A recent survey conducted by Reuters on August 22 revealed that all 35 economists expected the bank to keep its key rate stable. The Bank of Canada is scheduled to announce its next rate decision on October 28.