BoC Interest Rate Decision

BoC Interest Rate Decision is announced by the Bank of Canada. If the BoC is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the CAD. Likewise, if the BoC has a dovish view on the Canadian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.

Most recent - Wednesday, 12 March 13:45

Previous
3%
Forecast
2.75%
Actual
2.75%

Next event - Tomorrow 13:45

Previous
2.75%
Forecast
2.75%
Actual
-

The typical/expected impact on CAD pairs is high.

The consensus forecast for BoC Interest Rate Decision is 2.75%. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.

Trading range

Forecast history

The most recent announced value for BoC Interest Rate Decision was 2.75% against a forecast of 2.75%.

Past events

Date
Forecast
Actual
12 March 2025 13:45
2.75%
2.75%
29 January 2025 14:45
3%
3%
11 December 2024 14:45
3.25%
3.25%
23 October 2024 13:45
3.75%
3.75%
4 September 2024 13:45
4.25%
4.25%
24 July 2024 13:45
4.5%
4.5%
5 June 2024 13:45
4.75%
4.75%
10 April 2024 13:45
5%
5%
6 March 2024 14:45
5%
5%
24 January 2024 14:45
5%
5%
6 December 2023 15:00
5%
5%
25 October 2023 14:00
5%
5%
6 September 2023 14:00
5%
5%
12 July 2023 14:00
5%
5%
7 June 2023 14:00
4.5%
4.75%
12 April 2023 14:00
4.5%
4.5%
8 March 2023 15:00
4.5%
4.5%
25 January 2023 15:00
4.5%
4.5%
7 December 2022 15:00
4.25%
4.25%
26 October 2022 14:00
4%
3.75%
7 September 2022 14:00
3.25%
3.25%
13 July 2022 14:00
2.25%
2.5%
1 June 2022 14:00
1.5%
1.5%

Economic context

Recent economic data has been strongly bearish for CAD. Other recent announcements which may affect the market's interpretation of the next BoC Interest Rate Decision result:

PreviousLatest
Ivey Purchasing Managers IndexBullish change53.655.6
Ivey Purchasing Managers Index s.aBearish change55.351.3
Average Hourly Wages (YoY)Bearish change4%3.5%
Net Change in EmploymentBearish change1.1K-32.6K
Unemployment RateBearish change6.6%6.7%
S&P Global Manufacturing PMIBearish change47.846.3

About BoC Interest Rate Decision

Country:Canada
Currency:CAD
Source:Bank of Canada
Category:Interest Rates
Frequency:Weekly/week-based
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