Here's where experts think interest rates might go from here

The Bank of Canada has held its benchmark interest rate again, and while it didn’t rule out future hikes, an expert said he thinks rates will stay at five per cent for the foreseeable future.

On Wednesday, the Bank of Canada held key interest rates five per cent for the second consecutive time, after recent data showed signs of an economic slowdown.

The hold was in line with most economists’ expectations, but central bank remained hawkish in its bias, meaning it left the door open to more rate hikes in the future.

“Overall, a range of indicators suggest that supply and demand in the economy are now approaching balance,” the bank wrote in its decision.