Bank of Canada keeps key interest rate unchanged but may cut interest rates in the future "
Online reported that the Bank of Canada left its key benchmark interest rate unchanged at 2.75% on Wednesday, saying it was necessary to investigate the impact of U.S. trade policy, but said it may be necessary to cut interest rates again if the economy weakens due to tariffs. The decision marks the second consecutive time that the Bank of Canada has taken a wait-and-see attitude, having cut interest rates by 225 basis points in a nine-month cycle of sharp interest-rate cuts. "The trade conflict initiated by the United States remains the biggest headwind facing the Canadian economy," the governor of the Bank of Canada said at a news conference. He described U.S. trade policy as highly unpredictable. "While we get more information, we have a clear consensus to keep the policy unchanged," he said. (Jin Shi)
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