iA CONNECTED

Your ongoing source of information.

A little respite: Bank of Canada maintains policy rate

September 7, 2023

With recent evidence that excess demand in the economy is easing, Governing Council decided to hold the policy interest rate at 5% and continue to normalize the Bank’s balance sheet.

Bank of Canada
Policy Interest Rate

Royal Bank of Canada Prime Rate
5.00%
unchanged
7.20%
unchanged

Effective since Thursday, July 13, 2023

 

  • Click here to consult the press release issued by the Bank of Canada.
  • The next Bank of Canada announcement will be on October 25, 2023.

 

Topic : Economic news

Written by iA

  • There are no suggestions because the search field is empty.
Your tools
Procedures and FAQ