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Bank of Canada Rate Decision Countdown: What to Expect on July 15

  Published July 4, 2026 In eleven days, the Bank of Canada will make its fifth interest rate call of 2026. If you've got a mortgage renewing, a variable rate that moves with the Bank's decisions, or savings sitting in a high-interest account, this is the date to have circled. Here's where things stand heading into July 15, and what the smart money is expecting. Where the rate sits right now The Bank of Canada has held its policy rate at 2.25% since its last two decisions, with the Bank Rate at 2.50% and the deposit rate at 2.20%. The July 15 announcement, released at 9:45 a.m. ET, will also come with a full Monetary Policy Report, since the Bank publishes its detailed economic projections quarterly alongside the January, April, July, and October decisions. Why most economists expect another hold The case for standing pat comes down to two forces pulling in opposite directions: Inflation is running hot, but mostly for one reason. Canada's headline inflation rate jumped...
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Fed faces pressure as producer prices surge in January



The U.S. economy showed signs of inflationary pressures in January, as the Producer Price Index (PPI) for final demand rose by 0.3% month-over-month and 0.9% year-over-year, beating analysts’ expectations of 0.1% and 0.6%, respectively.

The PPI measures the average change in the prices received by domestic producers of goods and services, and is often used as an indicator of future consumer inflation. The higher-than-expected PPI in January suggests that the costs of production are increasing, which could eventually be passed on to consumers.

The PPI data comes amid growing debate over the Federal Reserve’s monetary policy stance, as some market participants fear that the central bank’s ultra-low interest rates and massive bond-buying program could fuel excessive inflation and asset bubbles.

However, the Fed has repeatedly signaled that it is not concerned about inflation, and that it will keep its accommodative policy until the economy reaches full employment and inflation averages 2% over time.

In a recent speech, Atlanta Fed President Raphael Bostic said that he does not see any need to cut interest rates further, and that he expects the Fed to start tapering its asset purchases later this year.

He also said that he is not worried about the PPI data, as he believes that the rise in producer prices is temporary and will not translate into sustained consumer inflation.

The Fed’s next policy meeting is scheduled for March 16-17, when it will update its economic projections and provide more guidance on its future actions.

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