Bank of Canada
Canadian Overnight Interest Rate Left Unchanged at 2.25% as Was Expected
March 18, 2026
Few countries have been caught in maelstrom of the Trump administration’s policy upheavals as much as Canada. The two countries share the world’s longest border and enjoy the largest bilateral trading relationship as well. From an historically cordial relationship, the two governments have soured immensely on one another. Trump’s massive changes and their unpredictability represent […] More
No Change in 2.25% Overnight Bank of Canada Interest Rate
January 28, 2026
The Bank of Canada’s decision to hold its interest rate level at 2.25% was as expected, and the quarterly Monetary Policy Report made scant changes to the 2026 and 2027 growth and inflation forecasts. From a peak of 5.0% from July 2023 to an initial rate cut in June of 2024, the policy interest rate […] More
Azerbaijan and Canadian Interest Rate Decisions in December 2025
December 10, 2025
the Bank of Canada’s overnight policy interest rate was left unchanged at 2.25% following today’s scheduled review today. That’s its lowest level since July 2022 and represents a cumulative decline of 275 basis points since June 2024. Today’s decision was not a surprise, since officials after its last cut (25 basis points in October) asserted […] More
All Eyes on the Federal Reserve
December 10, 2025
This week’s FOMC meeting, whose interest rate announcement today will be made at 14:oo EST and likely involve a 25-basis point cut, is the last one of 2025. The first three scheduled meetings next year (Jan 27-28, Mar 17-18 and Apr 28-29) will be chaired by Jerome Powell. The appointed identity of Powell’s successor could […] More
Another Canadian Central Bank Interest Cut but Perhaps the Last One of the Cycle
October 29, 2025
The Canadian policy interest rate has been reduced by 25 basis points to 2.25%. This was the fourth such cut of 2025 and comes on top of 175 bps of easing during the final seven months of 2023. A statement explaining today’s decision and updated forecasts anticipates slow growth of less than 1.5% in both […] More
Bank of Canada Interest Rate Cut to 2.5% from 2.75%
September 17, 2025
Today”s correctly anticipated 25-basis point reduction of the Canadian policy interest rate followed a half-year pause in monetary easing. The new overnight rate level is half the size of the 5.0% peak that had been maintained from July 2023 until an initial reduction in June 2024. In these tariff-laden times, the Bank of Canada is […] More
GDP Reports and Interest Rate Decisions
July 30, 2025
The dollar strengthened from Tuesday closing levels ahead of the Federal Reserve’s interest rate announcement due within the hour and amid preliminary second-quarter GDP releases that showed faster growth in the United States but slower expansion in Europe. Dollar gains have amounted so far to 0.8% against the Australian dollar and South Korean won, 0.7% […] More
Bank of Canada Keeps Interest Rate Reduction on Hold
June 4, 2025
As many analysts were expecting, Canada’s policy interest rate was left unchanged at 2.75% today. Officials had also paused policy easing at the previous review in April, interrupting a string of rate cuts begun in June 2024 from a cyclical high of 5.0% maintained since July 2023. Canadian consumer price inflation had crested in mid-2022 […] More
Seventh Canadian Central Bank Rate Cut Since June 2024
March 12, 2025
At 2.75%, the Bank of Canada‘s policy interest rate will be 225 basis points below its former cyclical peak of 5.0% from July 2023 to June 2024. That cumulative decline was more than double the one percentage point reduction of the federal funds rate in the United States and represents Canada’s lowest rate level since […] More
Canadian Interest Rate Cut of 25 Basis points to 3.0% Meets Expectations
January 29, 2025
Today’s Bank of Canada interest rate cut was the sixth straight reduction since last June and brings the cumulative drop to two full percentage points, twice the amount of interest rate relief to date done by the Federal Reserve. The statement explaining today’s rate cut also announced the end of quantitative tightening and accompanied updated […] More
