Chart 1: Financial market participants expect interest rates to remain largely stable to 2027 https://www.bankofcanada.ca/?p=246630 5-year Government of Canada bonds 2-year Government of Canada bonds Policy interest rate 1.550.951.00 1.621.001.00 1.711.071.00 1.671.061.00 1.531.051.00 1.531.101.00 1.521.101.00 1.521.101.00 1.631.131.00 1.541.021.00 1.360.951.00 1.341.011.00 0.700.450.75 0.780.500.75 0.770.510.75 0.980.680.75 0.880.570.75 0.810.490.75 0.760.410.50 0.770.440.50 0.810.530.50 0.880.570.50 0.910.630.50 0.730.480.50 0.670.420.50 0.660.510.50 0.680.540.50 0.850.670.50 0.740.610.50 0.570.520.50 0.600.540.50 0.660.580.50 0.620.520.50 0.690.550.50 1.000.700.50 1.130.760.50 1.110.770.50 1.090.740.50 1.120.750.50 1.000.720.50 0.940.690.50 1.381.090.50 1.651.310.75 1.531.270.75 1.781.541.00 1.621.391.00 1.631.431.00 1.861.681.00 2.081.841.25 2.041.781.25 1.961.771.25 2.111.891.25 2.101.901.25 2.011.851.25 2.222.071.50 2.162.061.50 2.332.211.50 2.422.331.75 2.202.161.75 1.881.861.75 1.781.771.75 1.821.781.75 1.521.551.75 1.541.561.75 1.361.431.75 1.391.471.75 1.461.551.75 1.181.341.75 1.401.581.75 1.421.521.75 1.501.591.75 1.681.691.75 1.291.431.75 1.141.251.25 0.600.420.25 0.380.300.25 0.390.280.25 0.360.280.25 0.310.260.25 0.400.280.25 0.360.250.25 0.380.250.25 0.430.250.25 0.390.200.25 0.430.150.25 0.880.300.25 0.990.220.25 0.930.300.25 0.900.320.25 0.970.450.25 0.810.450.25 0.840.430.25 1.090.500.25 1.501.080.25 1.400.980.25 1.250.950.25 1.641.280.25 1.641.450.25 2.392.270.50 2.662.531.00 2.722.671.00 3.103.101.50 2.662.962.50 3.343.642.50 3.243.753.25 3.433.923.75 3.183.893.75 3.374.014.25 3.043.764.50 3.524.214.50 3.023.744.50 2.973.654.50 3.444.224.50 3.684.584.75 3.904.675.00 3.894.645.00 4.304.915.00 4.124.635.00 3.644.205.00 3.173.885.00 3.434.005.00 3.574.185.00 3.514.175.00 3.874.345.00 3.674.175.00 3.513.994.75 3.093.464.50 3.013.314.50 2.732.914.25 3.023.073.75 3.083.183.75 2.962.933.25 2.742.663.00 2.602.573.00 2.612.462.75 2.762.562.75 2.782.562.75 2.792.562.63 2.802.562.57 2.812.572.51 2.832.572.45 2.842.582.39 2.852.592.30 2.872.602.26 2.892.612.25 2.912.622.25 2.932.642.24 2.942.652.24 2.962.672.24 2.982.682.25 2.992.702.25 3.012.712.26 3.032.732.26 3.042.742.27 3.062.762.29 3.082.772.33 3.102.792.36 3.112.792.38 3.122.812.40 3.142.822.43 3.152.832.44 3.172.852.45 3.182.862.47 3.202.872.47 3.212.882.48 3.222.902.48 3.242.912.48 3.262.922.47