20-March-2026
Economy News
 
Bank of Canada Expected to Hold Rates, May Flag Inflation Risks of Oil Shock
19-Mar-2026

The Bank of Canada is widely expected to keep rates on hold on Wednesday, despite fears of higher inflation following the spike in oil prices stemming from the Middle East war, economists said. Canada's inflation is around 2%, the midpoint of the BoC's 1% to 3% control range. The policy rate at 2.25% is considered moderately stimulative in a weak economy; economists currently see the risks in Canada's economy as balanced.

News Source:- https://money.usnews.com/investing/news/articles/2026-03-18/bank-of-canada-expected-to-hold-rates-may-flag-inflation-risks-of-oil-shock
 
 
 

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