Ottawa, June 4, 2025 (AFP) - Canada central bank holds key rate at 2.75% amid tariff jitters

NAMPA / AFP

2025-06-04

Canada's central bank on Wednesday held its key lending rate at 2.75 percent, saying it needed to be cautious in its monetary policy amid continued uncertainty caused by President Donald Trump's trade war. "With uncertainty about US tariffs still high, the Canadian economy softer but not sharply weaker, and some unexpected firmness in recent inflation data, (the bank's) Governing Council decided to hold the policy rate as we gain more information......

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