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No surprises as the Bank of Canada holds its key interest rate at 5%. While both economic growth and inflation are slowing, the BoC keeps a watchful eye on inflation, especially as some core inflation measures remain elevated. “Canadians can expect cuts later this summer. We forecast a total of 75 basis points in reductions by the end of the year, leading to lower borrowing costs for businesses and individuals. At the same time, we remain concerned about the possibility of inflation rising again
0:20
No surprises as the Bank of Canada holds its key interest rate at 5%. While both economic growth and inflation are slowing, the BoC keeps a watchful eye on inflation, especially as some core inflation measures remain elevated. “Canadians can expect cuts later this summer. We forecast a total of 75 basis points in reductions by the end of the year, leading to lower borrowing costs for businesses and individuals. At the same time, we remain concerned about the possibility of inflation rising again
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What are interest rates?
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