TD Securities: Bank of Canada to Hold Rates at 2.25% Through 2026
TD Securities economists expect the Bank of Canada to keep its overnight rate at 2.25% at the June meeting and throughout 2026, citing persistent inflation risks despite softer domestic conditions.
TD Securities analysts Robert Both and Emma Lawrence forecast the Bank of Canada will maintain its overnight rate at 2.25% at the June policy meeting and hold it steady through 2026.
The call comes despite softer Canadian economic data, with lingering inflation risks cited as the primary reason for the extended pause. The BoC last cut rates in early 2025 but has since pivoted to a holding pattern.
Source: FXStreet Forex News