Overnight Rate

Bank of Canada Holds Overnight Rate Steady at 3.75%, Signaling Cautious Approach The Bank of Canada (BOC) held the overnight rate steady at 3.75% on October 23, 2024, aligning with market expectations. This decision comes after the rate was previously reduced from 4.25% in the last announcement.

Canada's Overnight Rate Holds Steady: Implications for the Canadian Dollar October 23, 2024 - The Bank of Canada (BOC) announced today that it is maintaining the Overnight Rate at 3.75%. This decision aligns with the Bank's previous forecast, signifying a pause in its recent rate tightening cycle. While the