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 10 April 2024 13:45

Previous
5%
Forecast
5%
Actual
5%

Next event - Wednesday 5 June 2024 13:45

Previous
5%
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 10 April 2024 13:45
5%
5%
Wednesday 6 March 2024 14:45
5%
5%
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%

Economic context

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

PreviousLatest
BoC Consumer Price Index Core (MoM)Bearish change0.5%0.2%
BoC Consumer Price Index Core (YoY)Bearish change2%1.6%
Consumer Price Index (MoM)Bearish change0.6%0.5%
Consumer Price Index (YoY)Bearish change2.9%2.7%
Average Hourly Wages (YoY)Bearish change5%4.8%
Net Change in EmploymentBullish change-2.2K90.4K
Unemployment Rate(no change)6.1%6.1%

About BoC Interest Rate Decision

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

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