Bank of Canada holds interest rates at 3.25%

Bank of Canada keeps target for the overnight rate at 3 1/4 per cent, 3 June.

Source: Bank of Canada

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 1/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 1/2 per cent.

Data released since the Bank's last interest rate announcement indicate that both core and total CPI inflation declined in April more than expected. Some of this decline was due to trans