Analysts: The Bank of Canada is expected to remain inactive in the foreseeable future.

Jin10 data reported on July 30, the Oxford Economic Research Institute's Tony Stilo and Michael Davenport stated that the uncertainty of trade wars and tariffs remains a key factor for the Central Bank of Canada to remain cautious, especially with August 1 approaching, when President Trump threatened to raise tariffs on Canadian goods if a trade agreement is not reached. The Central Bank has kept the interest rate at 2.75% for the third consecutive time, in line with expectations. Economists expect that the Central Bank of Canada will keep interest rates unchanged in the foreseeable future, but do not rule out the possibility of another reduction of 25 basis points. They anticipate that the policy interest rate will not fall below the stimulative range of 2% unless the Central Bank of Canada is convinced that inflation is under control and that the weak economy needs a boost.