BoC Governor Macklem said future interest-rate policy will depend on how businesses and households respond to elevated energy prices and a resurgence in trade uncertainty, and that BoC officials stand ready to adjust policy as those risks evolve. He added that if inflationary pressures ease the bank would not want to slow growth by raising the policy rate, but if inflation proves more persistent the bank does not want to be slow to react.

2026-09-21

BoC Governor Macklem said future interest-rate policy will depend on how businesses and households respond to elevated energy prices and a resurgence in trade uncertainty, and that BoC officials stand ready to adjust policy as those risks evolve. He added that if inflationary pressures ease the bank would not want to slow growth by raising the policy rate, but if inflation proves more persistent the bank does not want to be slow to react.