Skip to main content

Bank of Canada holds policy rate again at 5%

Central bank suggesting rates will stay high as inflation remains strong

Bank of Canada facade

The Bank of Canada (BoC) kept its policy rate unchanged at 5% yesterday (October 25), while suggesting rates would remain high for some time to come. This is the second monetary policy meeting where the central bank left its rate steady.

Between February 2022 and July 2023, the central bank raised its policy rate from 0.25% to 5%, to combat inflation that peaked at 8.2% in June 2022.

In its statement, the rate-setting governing council projected a long battle to reach the central bank’s 2%

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

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

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

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

Iniciar sesión
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

.