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Monetary Policy Decision

· Tiff Macklem, Governor of the Bank of Canada (Canada)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, climate, energy and nature, trade, fragmentation and geopolitics

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· Tiff Macklem Wiki · Bank of Canada WikiMonetary Policy Decision

ContextOpening statement by Tiff Macklem, Governor of the Bank of Canada and Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, at the press conference following the monetary policy decision, Ottawa, Ontario, 10 December 2025.

Why it mattersThe Bank of Canada's December decision, holding rates as tariffs hit key Canadian industries.

Problems raised
  1. US tariffs hurt key Canadian sectors.
  2. Trade uncertainty weighs on investment.
  3. The economy is going through a structural transition.
Solutions proposed
  1. Hold the policy rate at 2.25%.
  2. Keep the rate at the low end of neutral to support the economy.
  3. Keep inflation pressures contained.
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