India, July 30 -- In a widely expected move, the Bank of Canada on Wednesday announced that it has once again decided to leave interest rates unchanged.
The Bank of Canada said it decided to maintain its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
The Canadian central bank attributed the decision to leave rates unchanged for the third straight meeting to still high uncertainty, the Canadian economy showing some resilience, and ongoing pressures on underlying inflation.
"We will continue to assess the timing and strength of both the downward pressures on inflation from a weaker economy and the upward pressures on inflation from higher costs related to tariffs and the...