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 2.25%.
BOC Interest Rate Forecast For 2026, 2027 And 2028
| Mon | Open,% | Min-Max,% | Rate,% | Chg |
|---|---|---|---|---|
| Aug | 2.25 | 2.00-2.50 | 2.25 | 0.00 |
| Sep | 2.25 | 2.00-2.50 | 2.25 | 0.00 |
| Oct | 2.25 | 2.00-2.50 | 2.25 | 0.00 |
| Nov | 2.25 | 2.00-2.50 | 2.25 | 0.00 |
| Dec | 2.25 | 2.00-2.50 | 2.25 | 0.00 |
| 2027 | ||||
| Jan | 2.25 | 2.00-2.50 | 2.25 | 0.00 |
| Feb | 2.25 | 2.00-2.50 | 2.25 | 0.00 |
| Mar | 2.25 | 2.00-2.50 | 2.25 | 0.00 |
| Apr | 2.25 | 1.75-2.25 | 2.00 | -0.25 |
| May | 2.00 | 1.75-2.25 | 2.00 | 0.00 |
| Jun | 2.00 | 1.50-2.00 | 1.75 | -0.25 |
| Jul | 1.75 | 1.50-2.00 | 1.75 | 0.00 |
| Aug | 1.75 | 1.50-2.00 | 1.75 | 0.00 |
| Sep | 1.75 | 1.50-2.00 | 1.75 | 0.00 |
| Oct | 1.75 | 1.50-2.00 | 1.75 | 0.00 |
| Nov | 1.75 | 1.50-2.00 | 1.75 | 0.00 |
| Dec | 1.75 | 1.25-1.75 | 1.50 | -0.25 |
| 2028 | ||||
| Jan | 1.50 | 1.25-1.75 | 1.50 | 0.00 |
| Feb | 1.50 | 1.25-1.75 | 1.50 | 0.00 |
| Mar | 1.50 | 0.75-1.50 | 1.00 | -0.50 |
| Apr | 1.00 | 0.75-1.25 | 1.00 | 0.00 |
| May | 1.00 | 0.75-1.25 | 1.00 | 0.00 |
| Jun | 1.00 | 0.50-1.00 | 0.75 | -0.25 |
| Jul | 0.75 | 0.50-1.00 | 0.75 | 0.00 |
BOC rate prediction for August 2026. Starting at 2.25%. This month the interest rate may be changed and receive a new value within the range of 2.00% to 2.50%, but it is most likely that the rate will be 2.25%, no change.
BOC Interest Rate forecast for September 2026. Starting at 2.25%. This month the interest rate may be changed and receive a new value within the range of 2.00% to 2.50%, but it is most likely that the rate will be 2.25%, no change.
BOC rate prediction for October 2026. Starting at 2.25%. This month the interest rate may be changed and receive a new value within the range of 2.00% to 2.50%, but it is most likely that the rate will be 2.25%, no change.
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BOC Interest Rate forecast for November 2026. Starting at 2.25%. This month the interest rate may be changed and receive a new value within the range of 2.00% to 2.50%, but it is most likely that the rate will be 2.25%, no change.
BOC rate prediction for December 2026. Starting at 2.25%. This month the interest rate may be changed and receive a new value within the range of 2.00% to 2.50%, but it is most likely that the rate will be 2.25%, no change.
BOC Interest Rate forecast for January 2027. Starting at 2.25%. This month the interest rate may be changed and receive a new value within the range of 2.00% to 2.50%, but it is most likely that the rate will be 2.25%, no change.
BOC rate prediction for February 2027. Starting at 2.25%. This month the interest rate may be changed and receive a new value within the range of 2.00% to 2.50%, but it is most likely that the rate will be 2.25%, no change.
BOC Interest Rate forecast for March 2027. Starting at 2.25%. This month the interest rate may be changed and receive a new value within the range of 2.00% to 2.50%, but it is most likely that the rate will be 2.25%, no change.
BOC rate prediction for April 2027. Starting at 2.25%. 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%, with a change of -0.25 points.
BOC Interest Rate forecast for May 2027. 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 June 2027. Starting at 2.00%. This month the interest rate may be changed and receive a new value within the range of 1.50% to 2.00%, but it is most likely that the rate will be 1.75%, with a change of -0.25 points.
BOC Interest Rate forecast for July 2027. Starting at 1.75%. This month the interest rate may be changed and receive a new value within the range of 1.50% to 2.00%, but it is most likely that the rate will be 1.75%, no change.
BOC rate prediction for August 2027. Starting at 1.75%. This month the interest rate may be changed and receive a new value within the range of 1.50% to 2.00%, but it is most likely that the rate will be 1.75%, no change.
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BOC Interest Rate forecast for September 2027. Starting at 1.75%. This month the interest rate may be changed and receive a new value within the range of 1.50% to 2.00%, but it is most likely that the rate will be 1.75%, no change.
BOC rate prediction for October 2027. Starting at 1.75%. This month the interest rate may be changed and receive a new value within the range of 1.50% to 2.00%, but it is most likely that the rate will be 1.75%, no change.
BOC Interest Rate forecast for November 2027. Starting at 1.75%. This month the interest rate may be changed and receive a new value within the range of 1.50% to 2.00%, but it is most likely that the rate will be 1.75%, no change.
BOC rate prediction for December 2027. Starting at 1.75%. This month the interest rate may be changed and receive a new value within the range of 1.25% to 1.75%, but it is most likely that the rate will be 1.50%, with a change of -0.25 points.
BOC Interest Rate forecast for January 2028. Starting at 1.50%. This month the interest rate may be changed and receive a new value within the range of 1.25% to 1.75%, but it is most likely that the rate will be 1.50%, no change.
BOC rate prediction for February 2028. Starting at 1.50%. This month the interest rate may be changed and receive a new value within the range of 1.25% to 1.75%, but it is most likely that the rate will be 1.50%, no change.
BOC Interest Rate forecast for March 2028. Starting at 1.50%. This month the interest rate may be changed and receive a new value within the range of 0.75% to 1.50%, but it is most likely that the rate will be 1.00%, with a change of -0.50 points.
BOC rate prediction for April 2028. Starting at 1.00%. This month the interest rate may be changed and receive a new value within the range of 0.75% to 1.25%, but it is most likely that the rate will be 1.00%, no change.
BOC Interest Rate forecast for May 2028. Starting at 1.00%. This month the interest rate may be changed and receive a new value within the range of 0.75% to 1.25%, but it is most likely that the rate will be 1.00%, no change.
BOC rate prediction for June 2028. Starting at 1.00%. This month the interest rate may be changed and receive a new value within the range of 0.50% to 1.00%, but it is most likely that the rate will be 0.75%, with a change of -0.25 points.
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BOC Interest Rate forecast for July 2028. Starting at 0.75%. This month the interest rate may be changed and receive a new value within the range of 0.50% to 1.00%, but it is most likely that the rate will be 0.75%, no change.
The forecast is updated on daily basis.
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