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Bank of Canada Maintains Rate at 2.25% on Wednesday, Vows to Prevent Energy Price Spike from Fueling Persistent Inflation

2026-06-11 11:17:39

According to Kitco News, the Bank of Canada maintained its key overnight rate at 2.25% on Wednesday, June 11, with the bank rate at 2.50% and deposit rate at 2.20%. The BoC cited weak economic activity, persistent U.S. trade policy uncertainty, and elevated oil prices linked to ongoing Middle East conflict, but reiterated its commitment to prevent higher energy prices from becoming persistent inflation. The central bank noted Canadian GDP fell 0.1% in Q1, employment showed limited growth, and the unemployment rate stood at 6.6% in May, though it expects growth to resume in Q2.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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