May 25, 2016 - Bank of Canada maintains overnight rate target at 1/2 per cent
Bank of Canada maintains overnight rate target at 1/2 per cent
Link:
Bank of Canada > Press > Press Releases > Bank of Canada maintains overnight rate target at 1/2 per cent
Here are the most recent changes to the Bank of Canada prime rate (aka the overnight rate):
- June to September 2010: three increases of 0.25% each time, the prime rate changed from from 0.25% to 1.0% (0.75% total increase)
- January to July 2015: two decreases of 0.25% each time, the prime rate changed from 1.0% to 0.50% (0.50% total decrease)
The current rate has remained the same for 10 months now.
The next scheduled date that the Bank of Canada will announce their overnight rate target is Wednesday July 13, 2016.
Link:
Bank of Canada > Press > Press Releases > Bank of Canada maintains overnight rate target at 1/2 per cent
Here are the most recent changes to the Bank of Canada prime rate (aka the overnight rate):
- June to September 2010: three increases of 0.25% each time, the prime rate changed from from 0.25% to 1.0% (0.75% total increase)
- January to July 2015: two decreases of 0.25% each time, the prime rate changed from 1.0% to 0.50% (0.50% total decrease)
The current rate has remained the same for 10 months now.
The next scheduled date that the Bank of Canada will announce their overnight rate target is Wednesday July 13, 2016.
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