A table of indicators related to the implementation of monetary policy that includes the operating band, settlement balances and other Bank of Canada operations.
Monetary Policy Implementation
| 2024-12-12 | 2025-01-30 | 2025-03-13 | 2025-09-18 | 2025-10-30 | |
|---|---|---|---|---|---|
| Bank Rate | 3.50 | 3.25 | 3.00 | 2.75 | 2.50 |
| Operating Band/Low | 3.25 | 2.95 | 2.70 | 2.45 | 2.20 |
| Operating Band/High | 3.50 | 3.25 | 3.00 | 2.75 | 2.50 |
| Target Rate | 3.25 | 3.00 | 2.75 | 2.50 | 2.25 |
Lynx Settlement Balances
| 2026-04-24 | 2026-04-27 | 2026-04-28 | 2026-04-29 | 2026-04-30 | 2026-05-01 | |
|---|---|---|---|---|---|---|
| Target (Available) | ||||||
| Actual | 76,472 | 75,883 | 76,419 | 71,499 | 70,905 | |
| Daily Target Rate Intervention (Settlement Date Effect) | ||||||
| Overnight Repos (OR) ($M) | 13,643.0 | 14,300.0 | 15,120.0 | 13,787.0 | 13,500.0 | 16,000.0 |
| Overnight Reverse Repos (ORR) ($M) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Bank of Canada Operations (Settlement Date Effect) | ||||||
| Term Repos | 0.0 | 0.0 | 0.0 | 0.0 | 11,000.0 | 0.0 |
| Securities Lending | 2,664.0 | 2,674.0 | 2,141.0 | 1,967.0 | 2,050.0 | |