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Key interest rate: Lookup tool. This tool allows you to make side-by-side comparisons of changes to the Bank Rate and the target for the overnight rate over time.
Canadian interest rates and monetary policy variables: 10-year lookup. On this page, you can look up series data. For metadata and background information, see the series notes . Series frequency: Daily series show values for each business day. Weekly series values are as at Wednesday.
Mar 6, 2024 · March 6, 2024. The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global economic growth slowed in the fourth quarter.
Apr 13, 2022 · When the Bank of Canada changes its policy interest rate, it affects every part of the economy – but that does not happen all at once. Learn more about how raising and lowering interest rates takes effect through the monetary policy transmission mechanism.
Jan 25, 2023 · Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening. The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%.
Sep 7, 2022 · Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tightening. The Bank of Canada today increased its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%.
Oct 25, 2023 · October 25, 2023. The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The global economy is slowing and growth is forecast to moderate further as past increases in policy rates and the recent surge in global ...
