July 21, 2009
Key Interest Rate
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June 4, 2009
Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. -
April 21, 2009
Bank of Canada lowers overnight rate target by 1/4 percentage point to 1/4 per cent and, conditional on the inflation outlook, commits to hold current policy rate until the end of the second quarter of 2010
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 1/4 per cent, which the Bank judges to be the effective lower bound for that rate. -
March 3, 2009
Bank of Canada lowers overnight rate target by 1/2 percentage point to 1/2 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1/2 per cent. -
January 20, 2009
Bank of Canada lowers overnight rate target by 1/2 percentage point to 1 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1 per cent. -
December 9, 2008
Bank of Canada lowers overnight rate target by 3/4 percentage point to 1 1/2 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by three-quarters of a percentage point to 1 1/2 per cent. -
October 21, 2008
Bank of Canada lowers overnight rate target by 1/4 percentage point to 2 1/4 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/2 per cent. -
September 3, 2008
Bank of Canada keeps overnight rate target at 3 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. -
July 31, 2008
Bank of Canada releases 2009 schedule of dates for its policy interest rate announcements
The Bank of Canada today released its 2009 schedule of eight dates for announcing decisions on its key policy interest rate, and confirmed the announcement dates for the remainder of this year. -
July 15, 2008
Bank of Canada keeps overnight rate target at 3 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent.