BOC INTEREST RATE FORECAST 2024, 2025, 2026


Updated: 2024/05/20

The Bank of Canada interest rate is a vital economic indicator that has significant implications for the Canadian economy and the global financial markets. The Bank of Canada interest rate influences the cost of borrowing for consumers and businesses, which can impact spending and investment decisions. Additionally, changes in the Bank of Canada interest rate can impact inflation, economic growth, and the value of the Canadian dollar. As a result, monitoring changes in the Bank of Canada interest rate is crucial for investors, policymakers, and anyone interested in understanding the state of the Canadian economy.

The current BOC Interest Rate is equal 5%.

BOC Interest Rate Forecast For 2024, 2025 And 2026

Month Open,% Min-Max,% Rate,% Change
2024
May 5.00 4.75-5.25 5.00 0.00
Jun 5.00 4.75-5.25 5.00 0.00
Jul 5.00 4.75-5.25 5.00 0.00
Aug 5.00 4.75-5.25 5.00 0.00
Sep 5.00 4.75-5.25 5.00 0.00
Oct 5.00 4.75-5.25 5.00 0.00
Nov 5.00 4.75-5.25 5.00 0.00
Dec 5.00 4.75-5.25 5.00 0.00
2025
Jan 5.00 4.75-5.25 5.00 0.00
Feb 5.00 4.75-5.25 5.00 0.00
Mar 5.00 4.75-5.25 5.00 0.00
Apr 5.00 4.50-5.00 4.75 -0.25
May 4.75 4.25-4.75 4.50 -0.25
Jun 4.50 4.25-4.75 4.50 0.00
Jul 4.50 4.00-4.50 4.25 -0.25
Aug 4.25 4.00-4.50 4.25 0.00
Sep 4.25 4.00-4.50 4.25 0.00
Oct 4.25 4.00-4.50 4.25 0.00
Nov 4.25 3.50-4.25 3.75 -0.50
Dec 3.75 3.50-4.00 3.75 0.00
2026
Jan 3.75 3.75-4.50 4.25 +0.50
Feb 4.25 4.25-5.25 5.00 +0.75
Mar 5.00 4.75-5.25 5.00 0.00
Apr 5.00 5.00-6.25 6.00 +1.00
May 6.00 6.00-6.75 6.50 +0.50

BOC Interest Rate forecast for May 2024. Starting at 5.00%. This month the interest rate may be changed and receive a new value within the range of 4.75% to 5.25%, but it is most likely that the rate will be 5.00%, no change.

BOC rate prediction for June 2024. Starting at 5.00%. This month the interest rate may be changed and receive a new value within the range of 4.75% to 5.25%, but it is most likely that the rate will be 5.00%, no change.

BOC Interest Rate forecast for July 2024. Starting at 5.00%. This month the interest rate may be changed and receive a new value within the range of 4.75% to 5.25%, but it is most likely that the rate will be 5.00%, no change.

BOC rate prediction for August 2024. Starting at 5.00%. This month the interest rate may be changed and receive a new value within the range of 4.75% to 5.25%, but it is most likely that the rate will be 5.00%, no change.

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BOC Interest Rate forecast for September 2024. Starting at 5.00%. This month the interest rate may be changed and receive a new value within the range of 4.75% to 5.25%, but it is most likely that the rate will be 5.00%, no change.

BOC rate prediction for October 2024. Starting at 5.00%. This month the interest rate may be changed and receive a new value within the range of 4.75% to 5.25%, but it is most likely that the rate will be 5.00%, no change.

BOC Interest Rate forecast for November 2024. Starting at 5.00%. This month the interest rate may be changed and receive a new value within the range of 4.75% to 5.25%, but it is most likely that the rate will be 5.00%, no change.

BOC rate prediction for December 2024. Starting at 5.00%. This month the interest rate may be changed and receive a new value within the range of 4.75% to 5.25%, but it is most likely that the rate will be 5.00%, no change.

BOC Interest Rate forecast for January 2025. Starting at 5.00%. This month the interest rate may be changed and receive a new value within the range of 4.75% to 5.25%, but it is most likely that the rate will be 5.00%, no change.

BOC rate prediction for February 2025. Starting at 5.00%. This month the interest rate may be changed and receive a new value within the range of 4.75% to 5.25%, but it is most likely that the rate will be 5.00%, no change.

BOC Interest Rate forecast for March 2025. Starting at 5.00%. This month the interest rate may be changed and receive a new value within the range of 4.75% to 5.25%, but it is most likely that the rate will be 5.00%, no change.

BOC rate prediction for April 2025. Starting at 5.00%. This month the interest rate may be changed and receive a new value within the range of 4.50% to 5.00%, but it is most likely that the rate will be 4.75%, with a change of -0.25 points.

BOC Interest Rate forecast for May 2025. Starting at 4.75%. This month the interest rate may be changed and receive a new value within the range of 4.25% to 4.75%, but it is most likely that the rate will be 4.50%, with a change of -0.25 points.

BOC rate prediction for June 2025. Starting at 4.50%. This month the interest rate may be changed and receive a new value within the range of 4.25% to 4.75%, but it is most likely that the rate will be 4.50%, no change.

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BOC Interest Rate forecast for July 2025. Starting at 4.50%. This month the interest rate may be changed and receive a new value within the range of 4.00% to 4.50%, but it is most likely that the rate will be 4.25%, with a change of -0.25 points.

BOC rate prediction for August 2025. Starting at 4.25%. This month the interest rate may be changed and receive a new value within the range of 4.00% to 4.50%, but it is most likely that the rate will be 4.25%, no change.

BOC Interest Rate forecast for September 2025. Starting at 4.25%. This month the interest rate may be changed and receive a new value within the range of 4.00% to 4.50%, but it is most likely that the rate will be 4.25%, no change.

BOC rate prediction for October 2025. Starting at 4.25%. This month the interest rate may be changed and receive a new value within the range of 4.00% to 4.50%, but it is most likely that the rate will be 4.25%, no change.

BOC Interest Rate forecast for November 2025. Starting at 4.25%. This month the interest rate may be changed and receive a new value within the range of 3.50% to 4.25%, but it is most likely that the rate will be 3.75%, with a change of -0.50 points.

BOC rate prediction for December 2025. Starting at 3.75%. This month the interest rate may be changed and receive a new value within the range of 3.50% to 4.00%, but it is most likely that the rate will be 3.75%, no change.

BOC Interest Rate forecast for January 2026. Starting at 3.75%. This month the interest rate may be changed and receive a new value within the range of 3.75% to 4.50%, but it is most likely that the rate will be 4.25%, with a change of +0.50 points.

BOC rate prediction for February 2026. Starting at 4.25%. This month the interest rate may be changed and receive a new value within the range of 4.25% to 5.25%, but it is most likely that the rate will be 5.00%, with a change of +0.75 points.

BOC Interest Rate forecast for March 2026. Starting at 5.00%. This month the interest rate may be changed and receive a new value within the range of 4.75% to 5.25%, but it is most likely that the rate will be 5.00%, no change.

BOC rate prediction for April 2026. Starting at 5.00%. This month the interest rate may be changed and receive a new value within the range of 5.00% to 6.25%, but it is most likely that the rate will be 6.00%, with a change of +1.00 points.

BOC Interest Rate forecast for May 2026. Starting at 6.00%. This month the interest rate may be changed and receive a new value within the range of 6.00% to 6.75%, but it is most likely that the rate will be 6.50%, with a change of +0.50 points.

The forecast is updated on daily basis.

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