Canada's Central Bank Seen Holding 2.25% Rate for at Least a Year

According to Jin10, a Reuters survey of economists showed that the Bank of Canada is expected to keep its benchmark interest rate unchanged at 2.25% next Wednesday and remain on hold for at least the next year. All 35 economists surveyed expect the Bank of Canada to leave rates unchanged at the end of its September 2 policy meeting, in line with market pricing, and they expect the central bank to raise rates to 2.50% in the fourth quarter of next year.