Bank of Canada holds key interest rate steady at 2.25%, predicts economic rebound

The Bank of Canada maintained its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The central bank expects the Canadian economy to improve, with growth picking up and inflation projected to ease gradually. However, its Monetary Policy Report noted significant risks and uncertainties related to the war in the Middle East and US trade policy.