Central Bank RatesCanada policy rate in 2022 (7 changes)
Start of year0.25%
End of year4.25%Dec 30, 2022
Net change+400 bp7 hikes, 0 cuts
Average1.93%
Rank by level23 / 38
Changes in 2022
| Date | From | To | Change |
|---|---|---|---|
| Mar 3, 2022 | 0.25% | 0.50% | hike +25 bp |
| Apr 14, 2022 | 0.50% | 1.00% | hike +50 bp |
| Jun 2, 2022 | 1.00% | 1.50% | hike +50 bp |
| Jul 14, 2022 | 1.50% | 2.50% | hike +100 bp |
| Sep 8, 2022 | 2.50% | 3.25% | hike +75 bp |
| Oct 27, 2022 | 3.25% | 3.75% | hike +50 bp |
| Dec 8, 2022 | 3.75% | 4.25% | hike +50 bp |
Compared with other areas at the end of 2022
13.75%
13%
12%
11.25%
10.5%
9%
7.5%
7.5%
7%
7%
6.75%
6.75%
6.25%
6%
5.5%
5.5%
5%
5%
4.75%
4.75%
4.375%
4.25%
4.25%
3.65%
3.5%
3.5%
3.25%
3.25%
3.1%
2.75%
2.75%
2.5%
2.5%
2.5%
1.75%
1.25%
1%
-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%
2022: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.