BOC interest rate


BOC interest rate closed down 4.5 as of July 24, 2024 from 4.75 from the previous day, 5 last week and 3.75 last month.

BOC interest rate Analytics & Data





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BOC interest rate Historical Data

DateClose
2024-07-24 4.5
2024-07-24 4.5
2024-06-05 4.75
2024-05-31 5
2024-04-10 5
2024-03-06 5
2024-02-29 5
2024-01-24 5
2023-12-06 5
2023-11-30 5
2023-10-25 5
2023-09-06 5
2023-08-31 5
2023-07-12 5
2023-06-07 4.75
2023-05-31 4.5
2023-04-12 4.5
2023-03-08 4.5
2023-02-28 4.5
2023-01-25 4.5
2022-12-07 4.25
2022-11-30 3.75
2022-10-26 3.75
2022-09-07 3.25
2022-08-31 2.5
2022-07-13 2.5
2022-06-01 1.5
2022-05-31 1
2022-04-13 1
2022-03-02 0.5
2022-01-26 0.25
2021-12-08 0.25
2021-11-30 0.25
2021-10-27 0.25
2021-09-08 0.25
2021-08-31 0.25
2021-07-14 0.25
2021-06-09 0.25
2021-05-31 0.25
2021-04-21 0.25
2021-03-10 0.25
2021-02-28 0.25
2021-01-20 0.25
2020-12-09 0.25
2020-11-30 0.25
2020-10-28 0.25
2020-09-09 0.25
2020-08-31 0.25
2020-07-15 0.25
2020-06-03 0.25
2020-05-31 0.25
2020-04-15 0.25
2020-03-27 0.25
2020-03-13 0.75
2020-03-04 1.25
2020-02-29 1.75
2020-01-22 1.75
2019-12-04 1.75
2019-11-30 1.75
2019-10-30 1.75

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BOC interest rate Statistics

SecuritySymbolLastMomentumTrendOscillator1D%1W%1M%1Y%
BOC interest rateca.interestrate0000

BOC interest rate Factors

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BOC interest rate Historical Data

The MacroVar database offers free access to historical data for the BOC interest rate, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of BOC interest rate data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the BOC interest rate

The BOC interest rate, also known as the Bank of Canada interest rate, is the rate at which the central bank of Canada lends money to financial institutions. This rate is a key tool used by the Bank of Canada to control inflation and stimulate economic growth. When the BOC interest rate is high, borrowing money becomes more expensive, which can help to cool down an overheated economy and prevent inflation from rising too quickly. On the other hand, when the BOC interest rate is low, borrowing money becomes cheaper, which can encourage businesses and consumers to borrow and spend more, thereby stimulating economic growth. The BOC interest rate is closely watched by economists, investors, and policymakers as it has a significant impact on the overall economy.