Canada interest rate: Bank of Canada policy rate
The Bank of Canada policy rate is 2.25%, in force since Oct 30, 2025. Source: Bank for International Settlements, data to Oct 26, 2026. Cut from 2.50% on Oct 30, 2025.
Rate changes
| Since | Policy rate | Change (percentage points) |
|---|---|---|
| Oct 30, 2025 | 2.25% | -0.25 |
| Sep 18, 2025 | 2.50% | -0.25 |
| Mar 13, 2025 | 2.75% | -0.25 |
| Jan 30, 2025 | 3.00% | -0.25 |
| Dec 12, 2024 | 3.25% | -0.50 |
| Oct 24, 2024 | 3.75% | -0.50 |
| Sep 5, 2024 | 4.25% | -0.25 |
| Jul 25, 2024 | 4.50% | -0.25 |
| Jun 6, 2024 | 4.75% | -0.25 |
| Jul 13, 2023 | 5.00% | +0.25 |
| Jun 8, 2023 | 4.75% | +0.25 |
| Jan 26, 2023 | 4.50% | +0.25 |
| Dec 8, 2022 | 4.25% | +0.50 |
| Oct 27, 2022 | 3.75% | +0.50 |
| Sep 8, 2022 | 3.25% | +0.75 |
| Jul 14, 2022 | 2.50% | +1.00 |
| Jun 2, 2022 | 1.50% | +0.50 |
| Apr 14, 2022 | 1.00% | +0.50 |
| Mar 3, 2022 | 0.50% | +0.25 |
| Mar 27, 2020 | 0.25% | -0.50 |
| Mar 16, 2020 | 0.75% | -0.50 |
| Mar 4, 2020 | 1.25% | -0.50 |
| Oct 24, 2018 | 1.75% | +0.25 |
| Jul 11, 2018 | 1.50% | +0.25 |
| Jan 17, 2018 | 1.25% | +0.25 |
| Sep 6, 2017 | 1.00% | +0.25 |
| Jul 12, 2017 | 0.75% | +0.25 |
| Jan 1, 2016 | 0.50% | — |
Source: Bank for International Settlements (BIS), central bank policy rates, updated daily. The rate shown is the one each central bank uses to signal its policy.
Frequently asked questions
What is the interest rate in Canada?
The Bank of Canada policy rate is 2.25% (since Oct 30, 2025).
When did the Bank of Canada last change its policy rate?
On Oct 30, 2025, from 2.50% to 2.25%.
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