Market Outlook: Rate held at 2.25% as growth slows and oil risks rise
BNN Bloomberg
Bank of Canada holds rate at 2.25 per cent as growth weakens and oil-driven inflation risks rise amid geopolitical uncertainty.
The decision underscores a delicate balance between slowing growth at home and renewed inflation risks tied to global supply shocks.
BNN Bloomberg spoke with Andrew Kelvin, head of Canadian and global rates strategy at TD Securities, who said the central bank is maintaining flexibility as it assesses weaker domestic data alongside persistent geopolitical uncertainty.
Read the full transcript below:
LINDSAY: As we mentioned, the Bank of Canada is holding interest rates as expected, despite concerns about inflationary pressures from the conflict in the Middle East.
Here to tell us what we learned today and what this decision signals about the central bank’s path forward for the rest of the year is Andrew Kelvin, head of Canadian and global rates strategy at TD Securities. Good to have you with us. Thanks so much.
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