finance
Bank of Canada Expected to Hold Policy Rate Steady
Economists anticipate the Bank of Canada will leave its policy rate unchanged for a sixth straight meeting. Inflation remains above target while economic growth stays subdued.
Jul 13, 7:20 AM·1m read2 sources
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Economists said the Bank of Canada is likely to keep its policy rate unchanged for a sixth consecutive time. The decision reflects inflation that remains too high for a cut and economic activity too weak for an increase.
Canada has held the rate steady at its last five meetings.
Officials have cited persistent price pressures alongside sluggish output as reasons for maintaining the current stance. No immediate change in policy direction has been signaled.
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