Economists expect the Bank of Canada to keep interest rates unchanged through 2026 as inflation risks remain contained, according to a Reuters poll.
Bank of Canada Seen Holding Rates Steady in 2026
The Bank of Canada (BoC) is expected to leave its benchmark interest rate unchanged for the remainder of 2026, according to a Reuters poll of economists, as inflation continues to move within the central bank's target range and broader economic risks appear manageable. The survey suggests policymakers are likely to adopt a cautious, data-dependent approach, balancing the need to support economic growth while ensuring inflation remains under control. Inflation Appears to Be Stabilizing One of the main reasons economists expect no immediate change in interest rates is that inflation has eased significantly from the highs experienced in recent years. Price pressures have moderated, supply chain disruptions have largely normalized, and previous rate increases continue to weigh on consumer spending and business investment. While inflation remains an important concern, many economists believe the risks are now sufficiently contained for the Bank of Canada to maintain its current policy stanc…
