Bank of Canada Interest Rates: Current & Historical Interest Rates in Canada

Bank of Canada Interest Rates

The Bank of Canada (BOC) is responsible for the country’s monetary policy decisions, including its interest rate. Changes in interest rates are generally mirrored in Canadian Government Bond yields, meaning an increase in rates would see a rise in yields. The bank’s stated objective is to preserve the value of money by keeping inflation low, stable and predictable. The BOC monetary policy framework consists of two main components, the inflation-control target and the flexible exchange rate. Regular BOC interest rate decisions disseminate information on the health of the Canadian economy and policy expectations.

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DailyFXTeam Jul 18, 2023 Follow

Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.26% 🇨🇦CAD: 0.10% 🇦🇺AUD: -0.03% 🇯🇵JPY: -0.12% 🇬🇧GBP: -0.24% 🇳🇿NZD: -0.59% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/8jQEsy3Oro

DailyFXTeam Jul 18, 2023 Follow

Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.29% 🇦🇺AUD: 0.16% 🇨🇦CAD: 0.12% 🇯🇵JPY: 0.10% 🇪🇺EUR: 0.01% 🇳🇿NZD: -0.56% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/k3CDlmXGDu

zvawda Jul 18, 2023 Follow

https://www.dailyfx.com/news/forex-usd-cad-surrenders-post-cpi-gains-where-to-next-20230718.html Canada CPI: Canadian inflation came in below forecast today in a positive sign of disinflation for the Bank of Canada. Has the Canadian Central Bank reached its peak rate? My thoughts post CPI moving forward @DailyFX #Canada #inflation #USDCAD #gas