Bank of Canada interest rate

The Bank of Canada has adjusted the way it sets its key interest rate. The Bank of Canada today published its 2022 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report.

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025---December 8 2021.

. Bank of Canada hikes benchmark interest rate to 1 Apr 13 2022. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year. Andrew Kelvin strategist at TD Securities said in an interview that he believes the central bank could lift rates by more.

For more information on the policy interest rate see this explainer. Date Target Change April 13 2022.

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