Bank of Canada Keeps Policy Rate at 2.25 Percent, Says It’s at the ‘Right Level’ for Low Inflation

Tiff Macklem, Governor of the Bank of Canada, holds a press conference at the Bank of Canada in Ottawa on Oct. 29, 2025. The Canadian Press/Sean Kilpatrick

The Bank of Canada announced it is maintaining its policy rate at 2.25 percent, noting Canada’s economy has shown resilience in the face of U.S. tariffs.

“Nevertheless, uncertainty remains high and the range of possible outcomes is wider than usual. If the outlook changes, we are prepared to respond,” Bank of Canada Governor Tiff Macklem said on Dec. 10.