What is the current Boc interest rate?

The current BOC Interest Rate is equal 5%. BOC Interest Rate forecast for August 2023. Starting at 5.00%. This month the interest rate may be changed and receive a new value within the range of 4.75% to 5.50%, but it is most likely that the rate will be 5.25%, with a change of +0.25 points. BOC rate prediction for September 2023. Starting at 5.25%.

What is the BOC interest rate forecast for May 2024?

BOC rate prediction for May 2024. Starting at 5.50%. This month the interest rate may be changed and receive a new value within the range of 4.75% to 5.50%, but it is most likely that the rate will be 5.00%, with a change of -0.50 points. BOC Interest Rate forecast for June 2024. Starting at 5.00%.

What is the bank of Canada interest rate?

As a result, monitoring changes in the Bank of Canada interest rate is crucial for investors, policymakers, and anyone interested in understanding the state of the Canadian economy. The current BOC Interest Rate is equal 5%. BOC Interest Rate forecast for August 2023. Starting at 5.00%.

Is the BOC ready to flatten inflation?

Most of these experts anticipate a quarter-point interest rate hike — pushing the overnight rate to 5.00% — on July 12, 2023. While their rationale for this action differed, slightly, the consensus was the BoC was not yet ready to remove its focus — and pressure — and flattening inflation.