Bank of Canada Expected to Hold Interest Rate at 2.25% on December 10 as Fed Prepares to Cut
The Bank of Canada is expected to hold its key interest rate at 2.25% on December 10, according to a Reuters poll of 33 economists. The U.S. Federal Reserve is widely forecast to cut its rate by 25 basis points the same day. The Bank of Canada will announce its decision at 9:45 a.m. ET, followed by a press conference at 10:30 a.m. The Canadian rate has fallen from 3.25% at the start of 2025.