Back to Blog
25 Oct

No Increase from Bank of Canada


Posted by: Karen Lagore

Today’s central bank announcement

Much to the relief of millions of Canadians, the Bank of Canada announced today that it is holding the line on interest rates. After 10 increases since March of 2022, the overnight rate stays at 5.0% for now.

Policymakers also updated their forecasts, providing a glimpse into the Bank’s thinking about future monetary policy.