Reuters survey: The Bank of Canada is expected to maintain the interest rate at 2.25% for at least another year
2026-08-28 20:08:51
According to CoinMeta, and based on a survey by Reuters, the Bank of Canada is expected to maintain its benchmark interest rate at 2.25% at its policy meeting next Wednesday and to keep it unchanged for at least the next year. Despite the suspension of trade negotiations between the United States and Canada, the economists interviewed did not change their forecasts as a result. Since last October, the Bank of Canada has been keeping interest rates unchanged. In July, Canada's inflation rate reached the upper end of the central bank's target range of 1% to 3%, but core inflation remained stable, indicating weak demand. There are expectations that the economy will recover in the near term, which provides room for the Bank of Canada to delay raising interest rates. Thirty-five economists unanimously predict that the Bank of Canada will keep interest rates unchanged at the end of its policy meeting on September 2nd, with an expectation that rates will be raised to 2.50% in the fourth quarter of next year.
Source:Jin10 Data
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