Global economic growth continues to slow, with inflation easing gradually across most economies. This is why the Governing Council decided to hold the policy rate at 5%.
While growth in the United States has been stronger than expected, it is anticipated to slow in 2024, with weakening consumer spending and business investment.
|
Bank of Canada |
Royal Bank of Canada Prime Rate |
| 5.00% unchanged |
7.20% unchanged |
Effective since Thursday, July 13, 2023
- Consult the press release issued by the Bank of Canada.
- The next Bank of Canada announcement will be on March 6, 2024.
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