Central Bank RatesCanada policy rate in 2024 (5 changes)
Start of year5.00%
End of year3.25%Dec 31, 2024
Net change-175 bp0 hikes, 5 cuts
Average4.549%
Rank by level28 / 38
Changes in 2024
| Date | From | To | Change |
|---|---|---|---|
| Jun 6, 2024 | 5.00% | 4.75% | cut -25 bp |
| Jul 25, 2024 | 4.75% | 4.50% | cut -25 bp |
| Sep 5, 2024 | 4.50% | 4.25% | cut -25 bp |
| Oct 24, 2024 | 4.25% | 3.75% | cut -50 bp |
| Dec 12, 2024 | 3.75% | 3.25% | cut -50 bp |
Compared with other areas at the end of 2024
47.5%
21%
12.25%
10%
9.5%
8.5%
7.75%
6.5%
6.5%
6.5%
6%
5.75%
5.75%
5.75%
5.55%
5%
5%
5%
4.75%
4.75%
4.5%
4.5%
4.375%
4.35%
4.25%
4%
4%
3.25%
3.1%
3%
3%
3%
2.75%
2.6%
2.5%
2.25%
0.5%
0.25%
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%
2024: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.