Bank of Canada Holds Interest Rates Steady as Economic Concerns Rise

FomoAnxiety · 2026-03-18T15:56:00+00:00

The Bank of Canada has decided to maintain its benchmark interest rate at 2.25% amid growing economic concerns and uncertainty in the domestic economy, as stated by Governor Tiff Macklem.

FomoAnxiety

2026-03-18 15:56:00

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The Bank of Canada has elected to hold its benchmark interest rate at 2.25% as the list of economic worries facing the country grows longer.

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In its latest monetary policy decision, Canada’s central bank noted that the domestic economy is weak and the country faces rising uncertainty on all fronts. “Canada’s economy is dealing with a lot. And now, we face more volatility,” said Bank of Canada Governor Tiff Macklem in prepared remarks delivered at a press conference held in Ottawa.

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