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Forex

Bank of Canada Holds Rate Steady Amid Tariff and Iran War Uncertainty

Guavy AI Editorial Team
Instruments
CAD
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The Bank of Canada maintained its benchmark interest rate at 2.25% on Wednesday, citing ongoing uncertainty caused by new US tariffs and the war in Iran.

Bank of Canada governor Tiff Macklem noted that the persistence of the Middle East conflict has increased inflationary risks due to rising global energy prices.

The bank's policy rate remains at 2.25% after a seventh straight hold, with the move widely expected by economists.

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