Governing Council decided to hold the policy rate at 5% and to continue to normalize the Bank’s balance sheet.
The Council is still concerned about risks to the outlook for inflation, particularly the persistence in underlying inflation and wants to see further and sustained easing in core inflation.
|
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 April 10, 2024.
 |
