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POLICY RATE HISTORY

The decision record

Ten recent scheduled announcements, with a complete table behind the chart. These are policy decisions, rather than retail mortgage or savings offers.

Mitey helping explore the guide
Target for the overnight rate Reviewed snapshot · %
Bank of Canada policy target at ten announcementsTarget2.50% September2025,2.25% October2025 through September2026,2.50% October2026. Exact dates and changes are in the table below.2.252.502.75Sep 2025Oct 2026
Announcement dates · target percent · change in basis points
AnnouncedTargetChange
2.50%+25 bp
2.25%Held
2.25%Held
2.25%Held
2.25%Held
2.25%Held
2.25%Held
2.25%Held
2.25%−25 bp
2.50%−25 bp
01

Read the dates correctly

The table records announcement dates. The policy change is implemented the following day. A hold is a decision too: it means the target was unchanged at that announcement.

02

Use the official record

This is a reviewed snapshot checked November 5, 2026, not a live trading feed. The Bank of Canada publishes the authoritative history, implementation dates and schedule. Before using a figure in a real decision, check that source.