BoC Interest Rate Decision

BoC Interest Rate Decision is announced by the Bank of Canada. If the BoC is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the CAD. Likewise, if the BoC has a dovish view on the Canadian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.

Most recent - Wednesday 24 January 2024 14:45

Previous
5%
Forecast
5%
Actual
5%

Next event - Wednesday 6 March 2024 14:45

Previous
-
Forecast
-
Actual
-

The typical/expected impact on CAD pairs is high.

There is no forecast value for BoC Interest Rate Decision yet - check back for updates.

Trading range

Forecast history

The most recent announced value for BoC Interest Rate Decision was 5% against a forecast of 5%.

Past events

Date
Forecast
Actual
Wednesday 24 January 2024 14:45
5%
5%
Wednesday 6 December 2023 15:00
5%
5%
Wednesday 25 October 2023 14:00
5%
5%
Wednesday 6 September 2023 14:00
5%
5%
Wednesday 12 July 2023 14:00
5%
5%
Wednesday 7 June 2023 14:00
4.5%
4.75%
Wednesday 12 April 2023 14:00
4.5%
4.5%
Wednesday 8 March 2023 15:00
4.5%
4.5%
Wednesday 25 January 2023 15:00
4.5%
4.5%
Wednesday 7 December 2022 15:00
4.25%
4.25%
Wednesday 26 October 2022 14:00
4%
3.75%
Wednesday 7 September 2022 14:00
3.25%
3.25%
Wednesday 13 July 2022 14:00
2.25%
2.5%
Wednesday 1 June 2022 14:00
1.5%
1.5%
Wednesday 13 April 2022 14:00
1%
1%
Wednesday 2 March 2022 15:00
0.5%
0.5%
Wednesday 26 January 2022 15:00
0.25%
0.25%
Wednesday 8 December 2021 15:00
0.25%
0.25%
Wednesday 27 October 2021 14:00
0.25%
0.25%
Wednesday 8 September 2021 14:00
0.25%
0.25%
Wednesday 14 July 2021 14:00
0.25%
0.25%
Wednesday 9 June 2021 14:00
0.25%
0.25%
Wednesday 21 April 2021 14:00
0.25%
0.25%
Wednesday 10 March 2021 15:00
0.25%
0.25%

Economic context

Recent economic data has been moderately bullish for CAD. Other recent announcements which may affect the market's interpretation of the next BoC Interest Rate Decision result:

PreviousLatest
Gross Domestic Product AnnualizedBullish change-0.5%1%
Gross Domestic Product (MoM)Bearish change0.2%0%
Gross Domestic Product (QoQ)Bullish change-0.1%0.2%
Current AccountBullish change-4.74B-1.62B
Retail Sales (MoM)Bullish change0%0.9%
Retail Sales ex Autos (MoM)Bullish change-0.4%0.6%
BoC Consumer Price Index Core (MoM)Bullish change-0.5%0.1%
Consumer Price Index (MoM)Bullish change-0.3%0%
Consumer Price Index (YoY)Bearish change3.4%2.9%
BoC Consumer Price Index Core (YoY)Bearish change2.6%2.4%

About BoC Interest Rate Decision

Country:Canada
Currency:CAD
Source:Bank of Canada
Category:Interest Rates
Frequency:Weekly/week-based

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