BoC also said it would ‘proceed carefully with any further changes’ to rates given inflationary pressures from tariffs.
The Bank of Canada has trimmed its key policy rate by 25 basis points to 2.75 percent and raised concerns about inflationary pressures and weaker growth stemming from trade uncertainty and President Donald Trump’s tariffs.
The bank on Wednesday also said it would “proceed carefully with any further changes” to rates given the need to assess both the upward pressures on inflation from higher costs and the downward pressures from weaker demand.
