The Bank of Canada will hold its overnight rate at 2.25% on July 15 and keep it there well into next year as price pressures remain largely contained and the economy gradually recovers, a Reuters poll showed. While inflation rose to 3.2% in May, breaching the central bank's 1%-3% target range for the first time since December 2023, price increases are expected to slow over coming months, suggesting inflation is less of a worry in Canada compared to other major economies.