Bank of Canada monetary policy

Bank of Canada Maintains 0.75% Overnight Interest Rate Target and Released New Monetary Policy Report

April 15, 2015

In conjunction with the previous quarterly full review, the interest rate had been cut by 25 basis point to 0.75%.  That was the first rate change, up or down, since a hike of 25 basis points in September 2010.  A subsequent Governing Council meeting on March 4 retained the 0.75% target along with a 1.0% […] More