Central Bank RatesCanada policy rate in 2008 (6 changes)
Start of year4.25%
End of year1.50%Dec 31, 2008
Net change-275 bp0 hikes, 6 cuts
Average3.038%
Rank by level34 / 38
Changes in 2008
| Date | From | To | Change |
|---|---|---|---|
| Jan 22, 2008 | 4.25% | 4.00% | cut -25 bp |
| Mar 4, 2008 | 4.00% | 3.50% | cut -50 bp |
| Apr 22, 2008 | 3.50% | 3.00% | cut -50 bp |
| Oct 8, 2008 | 3.00% | 2.50% | cut -50 bp |
| Oct 21, 2008 | 2.50% | 2.25% | cut -25 bp |
| Dec 9, 2008 | 2.25% | 1.50% | cut -75 bp |
Compared with other areas at the end of 2008
18%
17.75%
15%
13.75%
13%
11.5%
10.25%
10%
9.5%
9.25%
8.25%
8.25%
7%
6.5%
6.5%
5.5%
5.31%
5%
5%
4.25%
3.75%
3.75%
3.5%
3.25%
3%
3%
2.75%
2.5%
2.5%
2.5%
2.25%
2%
2%
1.5%
0.5%
0.5%
0.125%
0.1%
Year-end rate over time
2.25%
2.25%
3.25%
5%
4.25%
0.25%
0.25%
1.75%
1.75%
1%
0.5%
0.5%
1%
1%
1%
1%
1%
0.25%
1.5%
4.25%
4.25%
3.25%
2.5%
2.75%
2.75%
2.25%
5.75%
2008: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.