The Bank of Canada maintains interest rates unchanged for the fifth consecutive time. Governor Macklem issues rare warning: future may require consecutive hikes.

According to the Securities Times APP, the Bank of Canada announced on Wednesday that it will maintain its benchmark interest rate at 2.25%, which is in line with market expectations. This is also the fifth consecutive time that the Bank of Canada has chosen not to change interest rates. However, at the same time as announcing the interest rate decision, Bank of Canada Governor Macklem issued a rare warning that if the Middle East situation continues to push up energy prices and further drive up overall inflation, Canada may need to raise interest rates continuously in the future.