finance
Canada central bank holds benchmark rate at 2.25 percent
The Bank of Canada left its key interest rate unchanged at 2.25 percent in June, matching both the previous level and market expectations. The decision follows a series of earlier reductions that brought the rate down from higher levels reached in prior tightening cycles.
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The outcome aligned with forecasts and left the rate at the same level recorded in the prior month. The decision comes after multiple reductions that lowered borrowing costs from peaks reached during an earlier period of monetary tightening.
Markets had priced in no change ahead of the announcement. Officials provided no immediate indication of the next policy step. Further guidance is expected at upcoming meetings.
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