Bank of Canada interest rate announcement and release of the
On Wednesday, January 29, 2025, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. The Bank will also publish its quarterly Monetary Policy Report (MPR) at the same time as the rate decision.
Policy interest rate - Bank of Canada
Dec 11, 2024 · At the heart of the Bank of Canada’s monetary policy is the target for the overnight rate. See what it is—and what it means for you. Over the years, the Bank of Canada has adjusted the way it sets its key interest rate.
Bank of Canada publishes its 2025 schedule for policy interest rate ...
Aug 6, 2024 · The Bank of Canada today published its 2025 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year.
Bank of Canada makes its first interest rate decision of 2025
6 days ago · The Bank of Canada announced today that it will cut its policy interest rate by another 25 basis points to three per cent. The decision comes with some support from December data, notably the total CPI inflation number which remains at 1.8 per cent, below the central bank’s two per cent target. While CPI-trim and CPI-median are somewhat higher at 2.5 per cent and 2.4 per cent respectively ...
Text of the Bank of Canada's latest interest rate decision
Dec 11, 2024 · The Bank of Canada cut its key policy rate by 50 basis points on Wednesday to take it to 3.25 per cent. Here is the text of the central bank’s decision.
Bank of Canada cuts interest rate, says to expect more 'gradual ...
Dec 11, 2024 · The Bank of Canada’s decision to reduce its benchmark rate by a jumbo-sized cut was driven by data showing inflation at two per cent, the economy in excess supply, and softer growth than...
Bank of Canada cuts key rate with ‘trade war storm’ on horizon
6 days ago · Orlando said Wednesday that, absent a trade war, he is maintaining a call for 75 basis points of further interest rate cuts this year to bring the Bank of Canada’s policy rate down to 2.25 per cent.
How Much Will the Bank of Canada Cut Rates in 2025?
Dec 31, 2024 · The Bank cut rates at five consecutive meetings between June and December, bringing its key overnight interest rate down from its peak of 5.00% to 3.25%—the top end of its neutral range of 2.25%-3.25%.
Bank of Canada to cut rates on Jan. 29, cautious over potential US ...
Jan 16, 2025 · The Bank of Canada will cut interest rates by 25 basis points to 3.00% on Jan. 29, according to a Reuters poll of economists, but many were not confident about the outlook beyond that given...
Bank of Canada delivers second straight half-point cut, bringing …
Dec 11, 2024 · The latest on Bank of Canada's Dec. 11 interest rate decision. The Bank of Canada has delivered its second half-point rate cut in a row, bringing the policy rate to 3.25 per cent from 3.75 per...