07/30/2025
🚨 BREAKING NEWS: Bank of Canada Holds Interest Rate at 2.75% 🚨
📢 The Bank of Canada has just announced it is holding its key interest rate at 2.75% for the third consecutive meeting.
📝 The decision reflects continued concern over core inflation remaining above 3% and ongoing uncertainty around U.S. trade tariffs. While inflation is easing, the Bank is proceeding cautiously — keeping borrowing costs steady as it monitors economic conditions closely.
🔍 The Monetary Policy Report released today signals that rate cuts may come later in 2025, but only if inflation continues to cool and trade tensions ease.
💬 Governor emphasized that while progress has been made, “we’re not out of the woods yet.”
🏠 What does this mean for you?
• Mortgage rates likely stay stable — for now
• Refinancing or renewal? Timing could be key
• Investors: rate outlook still uncertain amid global headwinds
Please call me for booking a showing or for mortgage needs
💁🏻♀️ Lakshmipathi Kuppala| 📍Ottawa, ON
REALTOR®️ | Coldwell Banker
☎️ 647-393-2570
Mortgage licence
Referral Mortgages | FSRA #13316
