BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
Brazil Central Bank Plans $2 Billion Dollar Auctions to Support FX Liquidity 
Canada Stocks Steady as Markets Await Fed and BoC Decisions 
Japan’s Finance Minister Signals Alignment With BOJ as Rate Hike Speculation Grows 
RBNZ Cuts Interest Rates Again as Inflation Cools and Recovery Remains Fragile 
Fed Officials Split as Powell Weighs December Interest Rate Cut 
Bank of Korea Holds Interest Rates Steady as Weak Won Limits Policy Flexibility 
Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level 
The Bank of Canada maintained its policy rate at 2.25%, in line with market forecasts. In its opening statement, the BoC stated that tariffs and persistent trade uncertainty continue to weigh on corporate investment, but that the economy has demonstrated considerable resilience. It also noted that hiring intentions remain low, despite recent improvements in labor market circumstances.
The Bank anticipates inflation to remain moderate in the coming months, but warns that there may be some short-term "choppiness" in inflation data. However, policymakers emphasized that such volatility is likely to be temporary, and that underlying inflation remained around 2.5%.
Importantly, the statement reiterated that if inflation and economic activity evolve broadly in line with the October projection, the Governing Council believes the current policy rate is roughly appropriate to keep inflation close to the 2% target while supporting the economy during a period of structural adjustment.
