RateCompute

Compare Rates

Bank of Canada Rate History

BANK OF CANADA RATE HISTORY

Bank of Canada Interest Rate History

Explore how Canada’s policy interest rate has changed recently and over the longer term.

Current policy rate2.25%Latest observation: Oct 27, 2026

Past 2 years

A closer look at recent Bank of Canada policy-rate changes.

2-year view
Bank of Canada policy rate over the past two years1.5%2.1%2.7%3.3%3.9%4.5%Oct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026Oct 2026

Past 20 years

The longer-term cycle of Canadian monetary policy.

20-year view
Bank of Canada policy rate over the past twenty years0.0%1.1%2.2%3.3%4.4%5.5%20092011201220142016201820192021202320252026

What rate is shown?

These charts use the Bank of Canada’s Target for the Overnight Rate (series V39079), commonly referred to as the Bank of Canada policy rate. The charts are fetched automatically from the Bank of Canada’s official Valet API and cached for 12 hours.

View the official Bank of Canada data source →