The Bank of Canada raises to 1.00% on April 13, 2022. The 50-basis-point increase moves the announced target from 0.50%. A half-point increase is paired with a shrinking balance sheet. The new target takes effect on April 14, 2022.
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Bank of Canada Decisions & Interest Rates
April 13, 2022
Bank of Canada Raises to 1.00%: April 13, 2022
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| Policy measure | Announcement |
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| Change | … |
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| Policy measure | Announcement |
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| Change | …
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|---|---|
| Overnight target | 0.25% |
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