BoC Holds Rates Unchanged at 2.25%

The Bank of Canada kept its key overnight interest rate at 2.25%, as widely expected, saying the current rate remains appropriate given economic conditions. Governor Tiff Macklem emphasized that “timing or direction” of the next rate change is unclear due to elevated uncertainty in trade, geopolitical risks, and a “little changed” economic outlook.The next scheduled interest rate decision is set for March 18, 2026, when policymakers will reassess and decide whether to hold, cut, or raise the policy rate.