The Twenty-Four
“At this decision there was a clear consensus to hold our policy rate unchanged”
—Tiff Macklem, July 30, 2025 Press Conference
“Don't you know, things can change
Things'll go your way
If you hold...on for one more day”
—Hold On, Wilson Phillips
The Bank of Canada’s decision to hold its policy rate at 2.75% for the third straight meeting shocked almost no one, including us. It was our call.
The Bank is content to wait it out for now, looking for more progress on inflation before cutting again.
--
*All numbers are seasonally adjusted, meaning they account for normal seasonal variations.
The trivia section will be in The Seven coming out later today.
Economics News