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 4.75%.
BOC Interest Rate Forecast For 2023, 2024 And 2025
| Month | Open,% | Min-Max,% | Rate,% | Change |
| 2023 | ||||
| Jun | 4.50 | 4.50-5.00 | 4.75 | +0.25 |
| Jul | 4.75 | 4.50-5.00 | 4.75 | 0.00 |
| Aug | 4.75 | 4.75-5.25 | 5.00 | +0.25 |
| Sep | 5.00 | 5.00-5.50 | 5.25 | +0.25 |
| Oct | 5.25 | 5.00-5.50 | 5.25 | 0.00 |
| Nov | 5.25 | 5.00-5.50 | 5.25 | 0.00 |
| Dec | 5.25 | 5.00-5.50 | 5.25 | 0.00 |
| 2024 | ||||
| Jan | 5.25 | 4.50-5.25 | 4.75 | -0.50 |
| Feb | 4.75 | 4.50-5.00 | 4.75 | 0.00 |
| Mar | 4.75 | 4.00-4.75 | 4.25 | -0.50 |
| Apr | 4.25 | 3.25-4.25 | 3.50 | -0.75 |
| May | 3.50 | 3.25-3.75 | 3.50 | 0.00 |
| Jun | 3.50 | 2.25-3.50 | 2.50 | -1.00 |
| Jul | 2.50 | 1.75-2.50 | 2.00 | -0.50 |
| Aug | 2.00 | 1.75-2.25 | 2.00 | 0.00 |
| Sep | 2.00 | 1.25-2.00 | 1.50 | -0.50 |
| Oct | 1.50 | 1.00-1.50 | 1.25 | -0.25 |
| Nov | 1.25 | 1.00-1.50 | 1.25 | 0.00 |
| Dec | 1.25 | 1.00-1.50 | 1.25 | 0.00 |
| 2025 | ||||
| Jan | 1.25 | 1.00-1.50 | 1.25 | 0.00 |
| Feb | 1.25 | 1.00-1.50 | 1.25 | 0.00 |
| Mar | 1.25 | 1.00-1.50 | 1.25 | 0.00 |
| Apr | 1.25 | 1.00-1.50 | 1.25 | 0.00 |
| May | 1.25 | 1.00-1.50 | 1.25 | 0.00 |
| Jun | 1.25 | 1.00-1.50 | 1.25 | 0.00 |
BOC Interest Rate forecast for June 2023. Starting at 4.50%. 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 rate prediction for July 2023. Starting at 4.75%. 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%, no change.
BOC Interest Rate forecast for August 2023. Starting at 4.75%. 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%, with a change of +0.25 points.
BOC rate prediction for September 2023. Starting at 5.00%. This month the interest rate may be changed and receive a new value within the range of 5.00% to 5.50%, but it is most likely that the rate will be 5.25%, with a change of +0.25 points.
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BOC Interest Rate forecast for October 2023. Starting at 5.25%. This month the interest rate may be changed and receive a new value within the range of 5.00% to 5.50%, but it is most likely that the rate will be 5.25%, no change.
BOC rate prediction for November 2023. Starting at 5.25%. This month the interest rate may be changed and receive a new value within the range of 5.00% to 5.50%, but it is most likely that the rate will be 5.25%, no change.
BOC Interest Rate forecast for December 2023. Starting at 5.25%. This month the interest rate may be changed and receive a new value within the range of 5.00% to 5.50%, but it is most likely that the rate will be 5.25%, no change.
BOC rate prediction for January 2024. Starting at 5.25%. This month the interest rate may be changed and receive a new value within the range of 4.50% to 5.25%, but it is most likely that the rate will be 4.75%, with a change of -0.50 points.
BOC Interest Rate forecast for February 2024. Starting at 4.75%. 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%, no change.
BOC rate prediction for March 2024. Starting at 4.75%. This month the interest rate may be changed and receive a new value within the range of 4.00% to 4.75%, but it is most likely that the rate will be 4.25%, with a change of -0.50 points.
BOC Interest Rate forecast for April 2024. Starting at 4.25%. This month the interest rate may be changed and receive a new value within the range of 3.25% to 4.25%, but it is most likely that the rate will be 3.50%, with a change of -0.75 points.
BOC rate prediction for May 2024. Starting at 3.50%. This month the interest rate may be changed and receive a new value within the range of 3.25% to 3.75%, but it is most likely that the rate will be 3.50%, no change.
BOC Interest Rate forecast for June 2024. Starting at 3.50%. This month the interest rate may be changed and receive a new value within the range of 2.25% to 3.50%, but it is most likely that the rate will be 2.50%, with a change of -1.00 points.
BOC rate prediction for July 2024. Starting at 2.50%. This month the interest rate may be changed and receive a new value within the range of 1.75% to 2.50%, but it is most likely that the rate will be 2.00%, with a change of -0.50 points.
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BOC Interest Rate forecast for August 2024. Starting at 2.00%. This month the interest rate may be changed and receive a new value within the range of 1.75% to 2.25%, but it is most likely that the rate will be 2.00%, no change.
BOC rate prediction for September 2024. Starting at 2.00%. This month the interest rate may be changed and receive a new value within the range of 1.25% to 2.00%, but it is most likely that the rate will be 1.50%, with a change of -0.50 points.
BOC Interest Rate forecast for October 2024. Starting at 1.50%. This month the interest rate may be changed and receive a new value within the range of 1.00% to 1.50%, but it is most likely that the rate will be 1.25%, with a change of -0.25 points.
BOC rate prediction for November 2024. Starting at 1.25%. This month the interest rate may be changed and receive a new value within the range of 1.00% to 1.50%, but it is most likely that the rate will be 1.25%, no change.
BOC Interest Rate forecast for December 2024. Starting at 1.25%. This month the interest rate may be changed and receive a new value within the range of 1.00% to 1.50%, but it is most likely that the rate will be 1.25%, no change.
BOC rate prediction for January 2025. Starting at 1.25%. This month the interest rate may be changed and receive a new value within the range of 1.00% to 1.50%, but it is most likely that the rate will be 1.25%, no change.
BOC Interest Rate forecast for February 2025. Starting at 1.25%. This month the interest rate may be changed and receive a new value within the range of 1.00% to 1.50%, but it is most likely that the rate will be 1.25%, no change.
BOC rate prediction for March 2025. Starting at 1.25%. This month the interest rate may be changed and receive a new value within the range of 1.00% to 1.50%, but it is most likely that the rate will be 1.25%, no change.
BOC Interest Rate forecast for April 2025. Starting at 1.25%. This month the interest rate may be changed and receive a new value within the range of 1.00% to 1.50%, but it is most likely that the rate will be 1.25%, no change.
BOC rate prediction for May 2025. Starting at 1.25%. This month the interest rate may be changed and receive a new value within the range of 1.00% to 1.50%, but it is most likely that the rate will be 1.25%, no change.
BOC Interest Rate forecast for June 2025. Starting at 1.25%. This month the interest rate may be changed and receive a new value within the range of 1.00% to 1.50%, but it is most likely that the rate will be 1.25%, no change.
The forecast is updated on daily basis.
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