Banks / Canada

Bank of Canada: decision history

Banque du Canada

Policy rate: target for the overnight rate

Every observed decision and the rate series. The facts below are computed from observed decisions only, never from the calendar.

343days since the last change (29 Oct 2025)

7consecutive holds

14observed decisions since 29 Jan 2025

Observed decisions

Date	Decision	Before	After	Change	Statement
Wed, 2 Sept 2026	hold	2.25%	=2.25%	0 bp	bankofcanada.ca/2026/09/fad-press-release-202…
Wed, 15 Jul 2026	hold	2.25%	=2.25%	0 bp	bankofcanada.ca/2026/07/fad-press-release-202…
Wed, 10 Jun 2026	hold	2.25%	=2.25%	0 bp	bankofcanada.ca/2026/06/fad-press-release-202…
Wed, 29 Apr 2026	hold	2.25%	=2.25%	0 bp	bankofcanada.ca/2026/04/fad-press-release-202…
Wed, 18 Mar 2026	hold	2.25%	=2.25%	0 bp	bankofcanada.ca/2026/03/fad-press-release-202…
Wed, 28 Jan 2026	hold	2.25%	=2.25%	0 bp	bankofcanada.ca/2026/01/fad-press-release-202…
Wed, 10 Dec 2025	hold	2.25%	=2.25%	0 bp	bankofcanada.ca/2025/12/fad-press-release-202…
Wed, 29 Oct 2025	cut	2.50%	↓2.25%	−25 bp	bankofcanada.ca/2025/10/fad-press-release-202…
Wed, 17 Sept 2025	cut	2.75%	↓2.50%	−25 bp	bankofcanada.ca/2025/09/fad-press-release-202…
Wed, 30 Jul 2025	hold	2.75%	=2.75%	0 bp	bankofcanada.ca/2025/07/fad-press-release-202…
Wed, 4 Jun 2025	hold	2.75%	=2.75%	0 bp	bankofcanada.ca/2025/06/fad-press-release-202…
Wed, 16 Apr 2025	hold	2.75%	=2.75%	0 bp	bankofcanada.ca/2025/04/fad-press-release-202…
Wed, 12 Mar 2025	cut	3.00%	↓2.75%	−25 bp	bankofcanada.ca/2025/03/fad-press-release-202…
Wed, 29 Jan 2025	cut	3.25%	↓3.00%	−25 bp	bankofcanada.ca/2025/01/fad-press-release-202…

Effective	Rate	Source
Thu, 30 Oct 2025	2.25%	bankofcanada.ca/core-functions/monetary-polic…
Thu, 18 Sept 2025	2.50%	bankofcanada.ca/core-functions/monetary-polic…
Thu, 13 Mar 2025	2.75%	bankofcanada.ca/2025/03/fad-press-release-202…
Thu, 30 Jan 2025	3.00%	bankofcanada.ca/2025/01/fad-press-release-202…
Thu, 12 Dec 2024	3.25%	bankofcanada.ca/2024/12/fad-press-release-202…