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BOC key interest rate - Canadian central bank’s interest rate

Charts - historic Bank of Canada interest rates

Graph Canadian interest rate BOC - interest rates last year

Graph Canadian interest rate BOC - long-term graph

The current Canadian interest rate BOC (base rate) is 1.000 %

Bank of Canada

The Bank of Canada (BOC) is the Canadian central bank. The BOC’s most important objective is to maintain the value of Canadian money by keeping inflation low and stable (between 1 and 3%). For an overview of current inflation in Canada, click here. The bank also strives for a stable, secure currency, financial stability and the most efficient management of public funds and public borrowings possible.

Key interest rate

When reference is made to the Canadian interest rate this often refers to the key interest rate. This interest rate is also called the key policy rate or the overnight rate. It is the Canadian base rate at which banks and other financial institutions can borrow money for a period of 1 day (overnight). The Bank of Canada sets a target for the level of the rate: the target for the overnight rate. If the Canadian central bank has set a new target for the level of the key interest rate this will usually also lead to a change in the interest rates for loans, mortgages and savings. It can also have an effect on the exchange rate of the Canadian dollar.

This page shows the current and historic value of the BOC’s key interest rate.

For a summary of the current interest rates of a large number of central banks please click here.

Tables - current and historic Canadian central bank interest rates

BOC latest interest rate changes

 change date percentage
 september 08 2010 1.000 %
 july 20 2010 0.750 %
 june 01 2010 0.500 %
 april 21 2009 0.250 %
 march 03 2009 0.500 %
 january 20 2009 1.000 %
 december 09 2008 1.500 %
 october 21 2008 2.250 %
 october 08 2008 2.500 %
 april 22 2008 3.000 %

Summary of other central banks’ interest rates

 central bank interest rate region percentage date
 FED interest rate United States 0.250 % 12-16-2008
 RBA interest rate Australia 2.500 % 08-06-2013
 BACEN interest rate Brazil 11.250 % 10-29-2014
 BoE interest rate Great Britain 0.500 % 03-05-2009
 BOC interest rate Canada 1.000 % 09-08-2010
 PBC interest rate China 6.000 % 07-06-2012
 ECB interest rate Europe 0.050 % 09-04-2014
 BoJ interest rate Japan 0.100 % 10-05-2010
 CBR interest rate Russia 9.500 % 10-31-2014
 SARB interest rate South Africa 5.750 % 07-17-2014

In order to be able to show the data on this page, we make use of a large number of sources of information that we believe to be reliable. For more information and our disclaimer, click here.

American interest rate (Fed)0.25 %12-16-2008
Australian interest rate (RBA)2.50 %08-06-2013
British interest rate (BoE)0.50 %03-05-2009
Canadian interest rate (BOC)1.00 %09-08-2010
European interest rate (ECB)0.05 %09-04-2014
Japanese interest rate (BoJ)0.10 %10-05-2010
All central banks interest rates, click here
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