Overnight-rate target decision and Monetary Policy Report when scheduled
Bank of Canada — Interest Rate & Policy
Explore the selected policy benchmark, original releases, next scheduled decisions and the seven forex currency pairs involving CAD.
Official benchmark · Target for overnight rate2.50%Effective 28 Oct 2026
Latest verified policy decision
Hike +25 bp · 28 Oct 2026. Rate data checked 29 Oct 2026; this is a curated snapshot rather than a real-time quote.
Read BoC official decision ↗Next policy decisions to watch
Dates reviewed 15 Oct 2026. Official schedules can change, so confirm using BoC's published calendar ↗.
Official BoC policy updates
Last reviewed 15 Oct 2026. These source-dated records are not a breaking-news feed.
BoC raises Target for overnight rate · 2.50%
BoC raised its benchmark rate; Trade90's selected target for overnight rate is 2.50%. Effective from the decision date.
Original BoC source ↗BoC releases September policy deliberations
The Bank of Canada's Governing Council discussed inflation risks, high energy costs, trade uncertainty and economic activity before keeping the overnight target at 2.25%. The record reports deliberations, not a new rate change.
Original BoC source ↗AUTOMATIC OFFICIAL SOURCE WATCH
Recently detected central-bank publications
Links detected on official bank websites for CAD. Titles are from the original sources. TRADE90 does not treat link discovery as confirmation of a new interest rate.
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Seven forex pairs involving CAD
Each pair compares this central bank with one other policy benchmark and links to their two official publications.
How to interpret the CAD benchmark
overnight-rate target is the selected benchmark for Bank of Canada. Traders monitor Canadian inflation, employment and Bank of Canada deliberations. Its nominal rate is not by itself a price forecast for CAD or a brokerage swap quote.
For the underlying definitions and policy-gap calculations, see TRADE90 methodology.