Bank of Canada to Maintain Interest Rates Throughout 2026 Amid Inflation Risks

A Reuters survey shows that the Bank of Canada is expected to keep interest rates at 2.25% until July 2024, with forecasts of inflation declining to 2.6% in 2026 and economic growth improving to 1.8% in 2027, despite inflation rising to 3.2% in May. This reflects stability in monetary policy amid economic recovery and reduced inflation concerns compared to other countries.

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