When is the bank of Canada's interest rate decision?

The Bank of Canada (BoC) is set to announce its interest rate decision on Wednesday, September 7 at 14:00 GMT and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of nine major banks, regarding the upcoming announcement.

What is long-term interest rates forecast?

Data service is momentarily unavailable. Long-term interest rates forecast refers to projected values of government bonds maturing in ten years. It is measured as a percentage.

What is the bank of Canada's rate hike?

The Bank of Canada (BoC) is on track to deliver another 75 basis points (bps) hike, raising its policy rate from 3.25% to 4.00%. The bank’s Monetary Policy Report (MPR) will be published parallelly at the time of the interest rate decision.

Will the BOC hike the overnight rate on July 12?

Inflation slowed sharply to 3.4% in May from 4.4% the prior month, but is well above the central bank's 2.0% target and not expected to reach it until early 2025. So the BoC will press ahead and hike the overnight rate by 25 basis points to 5.00% on July 12, according to 20 of 24 economists in the June 28-July 6 Reuters poll.