Bank Rate and deposit rate changes

Bank of Canada Cuts Policy Rate by 25 Basis Points to 2.75%

Bank of Canada Lowers Overnight Rate to 2.75% Amid Economic Uncertainty The Bank of Canada announced today that it has reduced its target for the overnight rate to 2.75%, with the Bank Rate set at 3% and the deposit rate at 2.70%. While the Canadian economy entered 2025 on solid footing, with inflation near the 2% target and strong GDP growth, rising trade tensions and U.S. tariffs are expected toContinue reading “Bank of Canada Cuts Policy Rate by 25 Basis Points to 2.75%”