Diese Seite ist derzeit auf Englisch verfügbar. Englische Seite öffnen

Release alerts

Get CAD Central Bank Policy Rate alerts

Enter your account email. We will notify you when the next official-source CAD Central Bank Policy Rate release is published.

Free account required. Unsubscribe anytime.

Canada announcement

Canada Central Bank Policy Rate 2026-07-15 05:47 America/Toronto: data, chart, and analysis

Canada Central Bank Policy Rate came in at 2.25 on Jul 15, 2026, compared with 2.25 previously and a 2.25 consensus forecast. See the full release history, chart, Bank of Canada context, and API access for this series.

Back to Central Bank Policy Rate API reference
Actual
2.25
Previous
2.25
Forecast
2.25

Bank of Canada Market Participants Survey

Public release ID
cad_policy_rate_2026-07-15

Canada Central Bank Policy Rate release chart

Market context, recent readings, and scenario notes for this announcement.

Canada Central Bank Policy Rate chart through 2026-07-01
CAD Central Bank Policy Rate readings through 2026-07-01. Latest: 2.25.
Indicator
Bank of Canada Overnight Rate
Released
July 15, 2026 09:47 UTC
Actual Value
2.25 %
Prior
2.25 %
Change
0.00 %

Canada's Policy Rate rose to 2.25 % from 2.25 % in the release published at Jul 15, 2026 09:47 UTC. The result gives markets a fresh reading on the domestic interest-rate path and currency carry and places the latest observation within the official series rather than treating it as an isolated headline.

For CAD markets, the significance lies in how the release changes expectations for domestic growth, inflation and financial conditions. It feeds into the relative return on Canadian dollar assets, the policy debate at Bank of Canada (BoC) and positioning across USD/CAD, CAD/JPY and EUR/CAD. The strongest interpretation will come from confirmation in related releases and market pricing.

Recent Readings

What Bank of Canada Overnight Rate Measures

Bank of Canada Overnight Rate is the central bank's principal policy setting or an operating rate used to steer short-term monetary conditions. The responsible policy body sets or administers the rate under its monetary-policy framework after assessing inflation, activity and financial conditions. The release is published by Bank of Canada and reported here in %. Its construction matters because the headline can reflect a different economic mechanism from a market price, a single company survey or an unrelated activity measure.

A higher setting increases local-currency carry and restrains demand, while a lower setting reduces carry and eases domestic financial conditions. Traders therefore use the series as part of a wider CAD evidence set rather than as a standalone trading rule. A sequence of consistent readings carries more information than one print because policy makers and asset prices respond to persistence, breadth and the outlook. The most useful cross-checks are the decision statement, guidance, inflation outlook, growth assessment and conditions attached to the next move.

Breaking Down the July 2026 Numbers

The latest reading was 2.25 %, compared with 2.25 % previously, a reported move of +0.00 %. The sequence began at 2.25 % on 2026-03-01, moved through 2.25 % on 2026-06-10, and stood at 2.25 % on 2026-07-15 before the latest 2.25 % on 2026-07-01. Taken together, those observations describe a stable recent trend. This historical frame separates the current level from the momentum around it and shows whether the newest observation extends or interrupts the preceding direction.

The market reading should distinguish the level, the latest change and the composition behind that change. For this release, the central question is whether the result represents a durable shift in the domestic interest-rate path and currency carry or a temporary movement in one component. Evidence from the decision statement, guidance, inflation outlook, growth assessment and conditions attached to the next move will determine how much weight the headline deserves in the next policy and FX reassessment.

Impact on CAD and FX Markets

A higher setting increases local-currency carry and restrains demand, while a lower setting reduces carry and eases domestic financial conditions. When the release strengthens the domestic growth, inflation or carry case relative to other economies, demand for Canadian dollar exposure can improve; when it weakens that case, the opposite pressure can dominate. The transmission runs through expected rate differentials, local asset returns, hedging demand and the compensation investors require for currency risk.

USD/CAD is the primary expression for many global traders, while CAD/JPY adds a regional or risk-sensitive comparison and EUR/CAD helps test whether the move is specific to Canada. Quotation conventions differ across pairs, so the reliable signal is consistent local-currency strength or weakness across the basket rather than the same numerical direction in every cross. A reaction confirmed by rates and more than one pair carries greater information than an isolated price spike.

Monetary Policy Implications

The BoC balances price stability against excess demand, labour conditions and the transmission of borrowing costs. The new result changes that assessment through the domestic interest-rate path and currency carry. A reading that points to stronger demand or more persistent prices leans against rapid easing; one that signals softer activity or declining pressure gives policy makers more room to consider support. Indicators with mixed growth and inflation effects require confirmation before they shift the expected path.

The release does not determine policy alone. Bank of Canada (BoC) will judge whether the move is broad, durable and consistent with other evidence, and whether financial conditions are already delivering sufficient restraint or support. For CAD rates and FX, the most durable reaction comes when the data changes the expected policy path rather than merely changing the tone for one session. That distinction separates a lasting repricing from a short-lived headline response.

Looking Ahead

The next release must show whether the latest observation marks a continuing trend or a temporary interruption. Analysts should focus on the decision statement, guidance, inflation outlook, growth assessment and conditions attached to the next move. Consistency across those details would make the headline more useful for forecasting the domestic interest-rate path and currency carry; divergence would reduce confidence in extrapolating the move and return attention to the longer history.

The practical FX question is whether incoming evidence keeps moving the expected Canada rate and growth path relative to those abroad. The most important confirmation set is inflation breadth, employment, household spending and energy-linked trade flows. Global yields and risk appetite can reinforce or offset that domestic signal, so the next move in Canadian dollar will be most credible when the macro data, rates and several currency pairs point in the same direction.

Track This Release

Access the full Bank of Canada Overnight Rate time series for CAD via the FXMacroData API:

curl "https://api.fxmacrodata.com/v1/announcements/cad/policy_rate?api_key=YOUR_API_KEY"

See the Bank of Canada Overnight Rate indicator page for full details, API examples, and release history, or explore the live dashboard.

Central Bank Policy Rate release read

Canada Central Bank Policy Rate came in at 2.25 on Jul 15, 2026, compared with 2.25 previously and a 2.25 consensus forecast. See the full release history, chart, Bank of Canada context, and API access for this series.

The forecast marker for this release is 2.25 from Bank of Canada Market Participants Survey. Compare it with the actual value to assess the direction and size of the surprise.

The parent Central Bank Policy Rate page shows the full time series for Canada. This release page keeps the realised value, prior value, forecast, reference period, and publication time together for the individual announcement.

For CAD event-risk work, the important read is whether this print changes the recent trend or simply extends it. Compare the actual value with the previous and forecast fields above, then use the raw JSON below for backtests keyed to the stable announcement ID.

Release data snapshot

The values below are the citation fields for this announcement.

Public release ID cad_policy_rate_2026-07-15
API announcement ID cad_policy_rate_2026-07-01
Release time
2026-07-15 09:47 UTC
Reference period date 2026-07-01
Actual value 2.25
Previous value 2.25
Forecast 2.25 Bank of Canada Market Participants Survey
Surprise 0
Announcement timestamp 1784108866

API data for this announcement

The API endpoint returns the full Canada Central Bank Policy Rate history. Clients can filter by date or match this row by announcement_id.

Forecasts live in the predictions endpoint and use the same announcement identifier where available. That is the preferred join key for realised values, forecast surprises, and release-event backtests.

Analysis and guides connected to Canada Central Bank Policy Rate.

Product

Canada (CAD) Forex Outlook: Policy Rate, Inflation, GDP, and USD/CAD Setup

Country-specific CAD currency analysis covering Canada policy signals, inflation, GDP, release timing, and a practical USD/CAD forecast workflow for traders.
Releases & Central Banks

CAD Press Release Brief: Bank of Canada - Bank of Canada maintains policy rate at 2¼%

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.
Releases & Central Banks

CAD Press Release Brief: Bank of Canada - Monetary Policy Report—April 2026

The Canadian economy is expected to grow at a moderate pace as it continues to adjust to US tariffs. Inflation has moved up due to higher...
Releases & Central Banks

CAD Press Release Brief: Bank of Canada - Monetary Policy Report Press Conference Opening Statement

Governor Tiff Macklem discusses the Monetary Policy Report and the key issues involved in the Governing Council’s deliberations about the...

More Canada Central Bank Policy Rate releases

Move through adjacent announcement records for the same series.

Newer release

2026-07-15 05:47 America/Toronto · 2.25

Older release

2026-06-10 05:47 America/Toronto · 2.25

Related Canada indicators

Continue from this release into adjacent macro series for the same country.

Risk Free Rate

Overnight lending rate between banks.
Raw announcement payload

Field names are preserved for traceability and downstream testing.

{
  "announcement_datetime": 1784108866,
  "announcement_id": "cad_policy_rate_2026-07-01",
  "date": "2026-07-01",
  "forecast": 2.25,
  "forecast_source_label": "Bank of Canada Market Participants Survey",
  "prediction_type": "market_consensus",
  "predictions": [
    {
      "generated_at": 1762862400,
      "predicted_value": 2.25,
      "prediction_source": "boc_market_participants_survey",
      "prediction_type": "market_consensus"
    },
    {
      "generated_at": 1770724800,
      "predicted_value": 2.25,
      "prediction_source": "boc_market_participants_survey",
      "prediction_type": "market_consensus"
    },
    {
      "generated_at": 1778587200,
      "predicted_value": 2.25,
      "prediction_source": "boc_market_participants_survey",
      "prediction_type": "market_consensus"
    }
  ],
  "previous_value": 2.25,
  "revisions": [
    {
      "epoch": 1784108866,
      "val": 2.25
    }
  ],
  "val": 2.25
}