Bank of Canada makes smaller-than-expected rate rise

The Bank of Canada

The Bank of Canada raised its policy rate by 50 basis points on October 26, to 3.75%.

Many analysts had forecast a 75bp increase. The governing council’s decision comes after the leaders of both of Canada’s major opposition parties publicly criticised the central bank.

The decision marks the sixth rate rise since March, for a total of 350bp of tightening. In July, the Bank of Canada ordered a 100bp increase in the policy rate, the biggest in 24 years. The fifth rate hike, delivered in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account