FX.co ★ Bank of Canada Holds Benchmark Rate Steady at 2.25% as 2026 Begins

The Bank of Canada (BoC) has left its key interest rate unchanged at 2.25%, according to the latest decision updated on 28 January 2026. The benchmark rate remains at the same level as the previous reading, signaling a pause in policy moves at the start of the year.

By keeping the rate anchored at 2.25%, policymakers are maintaining the existing borrowing cost environment for households and businesses. With no change from the prior 2.25% level, the decision suggests the central bank is opting for continuity while it monitors incoming economic data and financial conditions in Canada.

The steady rate setting will be closely watched by financial markets and investors, as it frames expectations for credit costs, mortgage rates, and broader economic momentum going forward in 2026.