Bank of Canada Cuts Key Rate to 2.25% – Is This the End of Rate Cuts?
The Bank of Canada (BoC) cut its overnight rate by 25 basis points to 2.25% on Oct. 29, 2025 reuters.com, the second straight cut in as many meetings. Governor Tiff Macklem signaled this might be the last cut for now, saying policy is “about the right level to keep inflation close to 2% while helping the economy” canadianmortgagetrends.com. The BoC’s new forecasts show sluggish growth (only 1.2% in 2025 and 1.1% in 2026) and inflation near 2% reuters.com canadianmortgagetrends.com. Markets rallied: the Canadian dollar firmed to about C$1.3915 per USD reuters.com and the TSX Composite hovered around 30,350 points (after