As of 15 Sep 2026 | Daily (Canadian overnight repo market rate)
Mean
2.39%
Median
2.26%
Min
0.10% 31 Dec 2021
Max
6.02% 30 Oct 1998
Date
Rate
15 Sep 2026
2.29
31 Aug 2026
2.27
31 Jul 2026
2.37
30 Jun 2026
2.34
29 May 2026
2.25
30 Apr 2026
2.30
31 Mar 2026
2.27
27 Feb 2026
2.29
30 Jan 2026
2.30
31 Dec 2025
2.30
28 Nov 2025
2.25
31 Oct 2025
2.35
29 Sep 2025
2.56
29 Aug 2025
2.77
31 Jul 2025
2.76
30 Jun 2025
2.75
30 May 2025
2.76
30 Apr 2025
2.77
31 Mar 2025
2.77
28 Feb 2025
3.00
31 Jan 2025
3.05
31 Dec 2024
3.32
29 Nov 2024
3.78
31 Oct 2024
3.84
About CORRA
CORRA is the Canadian Overnight Repo Rate Average (Valet AVG.INTWO). Current: 2.29% on 15 Sep 2026. Canada’s risk-free overnight rate; the Bank of Canada publishes it and does not set it.
Chart and long-run stats use month-ends; the headline is the latest daily print. From 28 Aug 1997 to 15 Sep 2026 (350 months): mean 2.39%, median 2.26%; low 0.10% (31 Dec 2021), high 6.02% (30 Oct 1998). Not the overnight rate target, and not a mortgage or deposit rate.
CORRA, the Canadian Overnight Repo Rate Average, is the risk-free overnight benchmark for the Canadian dollar, calculated from repo transactions in Government of Canada securities. The Bank of Canada publishes it from its Valet API as series AVG.INTWO; history here begins in 1997. The Bank does not set CORRA — it is a market rate — so it moves with overnight funding conditions and is not stepped. It is distinct from the Bank's overnight rate target, which is a policy setting.
The headline is the latest daily print, while the chart and long-run statistics use month-ends. Read the value with its as-of date, then the "versus the previous reading" line for the most recent move. Mean, median, low and high summarise the observations in this build and are not official figures. Chart and Table show the same data in two forms, the range buttons only filter what is drawn, and Explore adds zoom and pan only when requested. CORRA is a benchmark rate, not the overnight target and not a mortgage or deposit rate.
About this desk
The Korea desk leads with the Bank of Korea Base Rate, the policy rate set by the Monetary Policy Board, then the US federal funds rate, Japan's policy rate and the ECB deposit facility, with the rest following. The Base Rate is read from the Bank's published change list and shown as a daily step series from 1999. It is the policy anchor for Korean money-market rates, not a retail lending rate.
All desks show the same official series in a different order; the figures do not change with the desk. Values are republished without alteration, and each page names the source and licence. The build publishes no Korean mortgage or deposit rate, because no official series is ingested — that page is absent rather than estimated. This is not financial advice, and readings may lag their source.