Rate Announcement for March 2025

 











    The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.

The Canadian economy entered 2025 in a solid position, with inflation close to the 2% target and robust GDP growth. However, heightened trade tensions and tariffs imposed by the United States will likely slow the pace of economic activity and increase inflationary pressures in Canada. The economic outlook continues to be subject to more-than-usual uncertainty because of the rapidly evolving policy landscape.

After a period of solid growth, the US economy looks to have slowed in recent months. US inflation remains slightly above target. Economic growth in the euro zone was modest in late 2024. China’s economy has posted strong gains, supported by government policies. Equity prices have fallen and bond yields have eased on market expectations of weaker North American growth. Oil prices have been volatile and are trading below the assumptions in the Bank’s January Monetary Policy Report (MPR). The Canadian dollar is broadly unchanged against the US dollar but weaker against other currencies.

Source: https://www.bankofcanada.ca/2025/03/fad-press-release-2025-03-12/


Dates Target
January 29 3.00%
March 12 2.75%
April 16 Interest rate Announcement
June 4 Interest rate Announcement
July 30 Interest rate Announcement
September 17 Interest rate Announcement
October 29 Interest rate Announcement
December 10Interest rate Announcement

Note. Rates are subject to change

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