> ## Content Index
> Fetch the complete content index at: https://www.theglobalbanker.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Bank of Canada Cuts Overnight Rate by 25 Basis Points to 3.00% Amid US Tariff Uncertainty
- URL: https://www.theglobalbanker.com/bank-of-canada-cuts-overnight-rate-25bp-3-00-tariff-uncertainty/
- Published: 2025-01-29T14:58:00.000Z
- Updated: 2026-10-02T14:37:32.000Z
- Description: The Bank of Canada lowered its overnight rate to 3.00%, citing inflation around 2% and excess supply in the economy, while warning that the threat of US tariffs clouded the outlook.
- Author: TGB Editorial Team
- Tags: Central Banks, Americas, #archive

The Bank of Canada cut its overnight target rate by 25 basis points to 3.00% on 29 January, extending its easing cycle as the Governing Council pointed to inflation around 2% and excess supply in the economy, while warning of the uncertainty cast over the Canadian economic outlook by the threat of tariffs from the United States. The decision was published on the bank's website.

The press release said the outlook was subject to more-than-usual uncertainty because of the rapidly evolving policy landscape, particularly the threat of trade tariffs by the new US administration, and that the Governing Council would be closely monitoring developments and assessing the implications for economic activity, inflation and monetary policy.