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 |
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.
