The Bank of Canada holds at 0.25% on January 20, 2021. A difficult winter delays the recovery.
The decision at a glance
| Policy measure | Announcement |
|---|---|
| Overnight target | 0.25% |
| Change | No … |
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Bank of Canada Decisions & Interest Rates
Jan. 20, 2021
Bank of Canada Holds at 0.25%: January 20, 2021
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Dec. 9, 2020
Bank of Canada Holds at 0.25%: December 9, 2020
The Bank of Canada holds at 0.25% on December 9, 2020. Vaccine progress improves the longer view, while restrictions return.
The decision at a glance
| Policy measure | Announcement |
|---|---|
| Overnight target | 0.25% |
| … |
Oct. 28, 2020
Bank of Canada Holds at 0.25%: October 28, 2020
The Bank of Canada holds at 0.25% on October 28, 2020. Bond purchases change shape as the recovery slows.
The decision at a glance
| Policy measure | Announcement |
|---|---|
| Overnight target | 0.25% |
| Change | …
Sept. 9, 2020
Bank of Canada Holds at 0.25%: September 9, 2020
The Bank of Canada holds at 0.25% on September 9, 2020. A faster reopening still leaves a large gap.
The decision at a glance
| Policy measure | Announcement |
|---|---|
| Overnight target | 0.25% |
| Change | …
July 15, 2020
Bank of Canada Holds at 0.25%: July 15, 2020
The Bank of Canada holds at 0.25% on July 15, 2020. Reopening brings a rebound, not a complete recovery.
The decision at a glance
| Policy measure | Announcement |
|---|---|
| Overnight target | 0.25% |
| Change | …
June 3, 2020
Bank of Canada Holds at 0.25%: June 3, 2020
The Bank of Canada holds at 0.25% on June 3, 2020. The worst-case scenario looks less likely.
The decision at a glance
| Policy measure | Announcement |
|---|---|
| Overnight target | 0.25% |
| Change | No … |
April 15, 2020
Bank of Canada Holds at 0.25%: April 15, 2020
The Bank of Canada holds at 0.25% on April 15, 2020. A historic shutdown makes a normal forecast unreliable.
The decision at a glance
| Policy measure | Announcement |
|---|---|
| Overnight target | 0.25% |
| Change | …
March 27, 2020
Bank of Canada Cuts to 0.25%: March 27, 2020
The Bank of Canada cuts to 0.25% on March 27, 2020. The 50-basis-point reduction moves the announced target from 0.75%. The rate reaches its lower bound as credit support expands.
The decision at a glance
| Policy measure | Announcement |
|---|
March 13, 2020
Bank of Canada Cuts to 0.75%: March 13, 2020
The Bank of Canada cuts to 0.75% on March 13, 2020. The 50-basis-point reduction moves the announced target from 1.25%. An emergency cut addresses two shocks at once. The new target takes effect on March 16, 2020.
The decision at a glance
March 4, 2020
Bank of Canada Cuts to 1.25%: March 4, 2020
The Bank of Canada cuts to 1.25% on March 4, 2020. The 50-basis-point reduction moves the announced target from 1.75%. COVID-19 changes the outlook.
The decision at a glance
| Policy measure | Announcement |
|---|---|
| Overnight target | … |