- Prior overnight rate was 5.00%
- BOC sees “clearer signs that monetary policy is moderating spending and relieving price pressures”
- BOC repeated that it ” is prepared to increase the policy interest rate further if needed”
- Sees inflation returning to 2% at the end of 2025 vs “mid-2025” previously
- Macklem and Rogers will hold a press conference at 11 am ET
USD/CAD was trading at 1.3772 just ahead of the decision.