Bank Of Canada Interest Rate January 24 2025. The bank of canada’s next policy. The bank of canada today held its target for the overnight rate at 5%, with the bank rate at 5¼% and the deposit rate at 5%.


Bank Of Canada Interest Rate January 24 2025

It is now expected the inflation rate will return to the bank of canada’s 2% target by late 2025, which is about one year earlier than forecast. The bank is continuing its policy.

The Announcement Will Come At 10 Am Et.

It was the third consecutive rate hold of the year after canadians saw seven.

The Jobless Rate, On An Uptrend Over The Past Year, Has Risen 1.3 Percentage Points Since April 2025 And Is Now The Highest Since 6.5% Unemployment In January.

Canada’s central bank held the key interest rate at 5% in the last update in december.

Bank Of Canada Interest Rate January 24 2025 Images References :

Bank Of Canada Rate Forecast For 2025:

A surprise uptick in may’s inflation figures is pouring water on hopes for another interest rate cut from the bank of canada in july.

As Of January 2019, The Bank Of Canada Will No Longer Publish The Daily, Weekly Or Monthly Prime Commercial Paper (Cp) Or Bankers’ Acceptance (Ba) Rates.

The bank of canada held interest rates on january 24, keeping its key policy rate at 5%.