Cash Rate

Bank of Canada

Canada target for the overnight rate

View country page: Canada

2.25%

-0.25 pp last change ()

As of | Daily (policy rate; changes on Bank of Canada decision days)

Mean
1.50%
Median
1.00%
Min
0.25%
Max
5.00%
DateRate
2.25
2.25
2.25
2.25
2.25
2.25
2.25
2.25
2.25
2.25
2.25
2.25
2.50
2.75
2.75
2.75
2.75
2.75
2.75
3.00
3.00
3.25
3.75
3.75

About the overnight rate target

Bank of Canada target for the overnight rate (V39079). Current: 2.25% on Sep 17, 2026. Daily series from the BoC Valet API; chart is stepped at policy decisions.

From Apr 21, 2009 to Sep 17, 2026 (4,529 observations): mean 1.50%, median 1.00%; low 0.25% (Apr 21, 2009), high 5.00% (Jul 13, 2023). Not a mortgage or deposit rate.

Source: Bank of Canada Valet API, series V39079 (target for the overnight rate). Licence: Bank of Canada website terms: free use, copy and distribute with attribution (terms). Files: data/raw/boc-overnight-rate.json.

Reading the figures

Read the latest value together with its observation date. The change compares it with the previous observation; when a policy rate is unchanged, the last actual move is shown where available. Percentage points measure the difference between two rates; a percentage change measures that difference relative to the earlier value. The summary statistics describe the history used on this page, not a forecast or a separate official aggregate.

The chart and table present the same series, with the newest table entries first. Range controls filter the chart without changing the data or recalculating the summary statistics. Explore enables zoom and pan. A policy rate, a market benchmark and a retail survey average are different measures; none is a personal loan or deposit offer.