October 29, 2025
Bank of Canada lowers policy rate to 2¼%
The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.
Toni Gravelle, Deputy Governor of the Bank of Canada.
Interview with Le Matin du Nord on Ici Radio-Canada.