The Bank of Canada left its benchmark interest rate unchanged at 1.75%

The Bank of Canada left its benchmark interest rate unchanged at 1.75%

Policymakers said that they will be closely monitoring the economy to see if the recent slowdown in growth is more persistent than forecast. The Committee noted that the growth slowdown was related to special factors including strikes, weather and inventory adjustments and projected that the GDP grows 1.6 percent this year and 2 percent in 2021.

Policymakers added that the inflation rate is expected to remain around 2 percent over the projection horizon, with some fluctuations from volatility in energy prices. The Bank Rate and deposit rate were also left unchanged at 2.0 percent and 1.50 percent, respectively.


Interest rates

Country Rate Value
USA Federal Funds 0,25 %
Switzerland 3 Month LIBOR Range -0.75 %
United Kingdom Repo Rate 0,10 %
EU Refinancing Tender 0,00 %
Japan Overnight Call Rate -0,10 %
New Zealand Official Cash Rate 0,25 %
Australia Cash Rate 0,25 %
Canada Overnight Rate Target 0,25 %
All rates
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