02:45 PM BST, Canada - BoC Interest Rate Decision for December:
- actual 2.50%; forecast 2.50%; previous 2.75%;
BoC statement summary:
On September 17, 2025, the Bank of Canada cut its overnight rate by 25 bps to 2.5% (Bank Rate 2.75%, deposit rate 2.45%) to better balance risks as growth slows amid US tariffs. Canada’s Q2 GDP fell ~1.5% with exports down 27%, business investment weakening, recent job losses pushing unemployment to 7.1%, while financial conditions eased and the CAD stayed stable. Inflation is 1.9% y/y, with core around 2.5–3% but losing momentum; removing most retaliatory tariffs should ease goods-price pressures. The Bank will closely monitor exports under tariffs, spillovers to investment, jobs and spending, price pass-through, and inflation expectations.
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