Bank of Canada Keeps Benchmark Rate Steady at 2.25% Ahead of October Review
The Bank of Canada left its policy rate unchanged at 2.25% on Wednesday, marking its seventh consecutive hold.
On Wednesday, the Bank of Canada announced that the benchmark interest rate would remain at 2.25%, a decision that aligns with the expectations of economists. This is the seventh time in a row the central bank has opted not to adjust its rate, a stance it has maintained since December 2025. One outlet's poll conducted on Aug. 22 showed unanimous anticipation of a hold among 35 economists. The next scheduled rate decision is set for Oct. 28.
Why it matters
The rate decision influences borrowing costs, consumer spending, and overall economic stability in Canada.
In this story
bank of canadakey interest raterate announcementoctober 28economists pollseventh consecutive holddecember 2025
