The Bank of Canada kept its key interest rate at 2.25 per cent as expected on Wednesday and said any changes in the rate could be small if its projections for the economy held true.
Governor Tiff Macklem said the key rate is probably at about the right level if the economy follows the central bank’s projections, though he didn’t rule out future adjustments depending on how the risks play out.
“If the economy evolves broadly in line with the base case, changes in the policy rate can be expected to be small,” he said.
