Bank of Canada holds rates for sixth consecutive time

Central bank optimistic that rate cuts are ahead and inflation will gradually fall

Tiff Macklem
Tiff Macklem, governor of the Bank of Canada
Bank of Canada

The Bank of Canada (BoC) held its main interest rates today (April 10). It is the sixth meeting in a row the central bank has held its targets for the overnight interest rate and deposit rates at 5% and its target for the bank rate at 5.25%.

Governor Tiff Macklem said that, overall, the data since the beginning of the year has increased the governing council’s confidence inflation will fall gradually.

The governor said if the economy evolves broadly in line with the central bank’s expectations it

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