Bank of Canada holds benchmark interest rate at 2.25%

By Global News

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The Bank of Canada held its benchmark interest rate unchanged at 2.25 per cent on Wednesday. Economists had widely expected the central bank to hold its policy rate. Inflation has jumped above three per cent in recent months as higher oil prices due to the war in Iran have sent gasoline prices skyrocketing. Officials at the Bank of Canada have said they're willing to look past the sticker shock from the Iran war, but will act if it becomes clear inflation is spreading beyond the price at the pumps. For more info, please go to https://globalnews.ca/news/11966500/bank-of-canada-rate-decision-july-2026/ Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on TikTok HERE: https://www.tiktok.com/@globalnews.ca?lang=en #interestrates #economy #GlobalNews

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