Bank of Canada to hold rates steady on July 30, but cut two more times in 2025: Reuters poll

On July 30, 2025, the Bank of Canada held its key rate steady at 2.75%, marking the third consecutive decision to pause policy adjustments. Central to their cautious approach is the uncertainty surrounding U.S. trade policy and tariffs, which could impact inflation and overall economic activity 

Despite the hold, the tone leaned dovish. The Bank reiterated its readiness to act—potentially cutting rates—if inflation remains tame or economic growth falters

Governor Tiff Macklem emphasized that the Bank is avoiding single-point projections, instead relying on multiple scenarios to inform future decisions. This reflects ongoing concerns about tariff effects and inflation pressures

https://www.reuters.com/world/americas/bank-canada-hold-rates-steady-july-30-cut-two-more-times-2025-2025-07-25/