Bank of Canada - Interest Rates

Bank of Canada Governor Stephen Poloz stated he was in no rush to resume monetary tightening, saying while interest rates needed to move up into a neutral range, over time the path back was now “highly uncertain.”

The overnight rate is currently 1.75 percent, well below the bottom end of what the Bank of Canada considers to be a neutral range of 2.50 percent to 3.50 percent, where policy is no longer stimulative.

The last increase was October 24th 2018 when the Bank of Canada raised the overnight rate from 1.5 per cent to 1.75 per cent.


Source: https://www.bankofcanada.ca/2019/03/fad-press-release-2019-03-06 PIC Stephen Poloz