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Interest Rate Announcement - March 12 2025
March 12, 2025 | Posted by: Matthew J. Charlton
The Bank of Canada has lowered its benchmark rate by 25 bps, bringing it to 2.75%. This is the Bank’s seventh consecutive rate cut.
The next rate announcement is scheduled for Wednesday, April 16, 2025.
'The Bank of Canada faced an especially tough decision with tariff threats hanging over the economy and recent data showing that inflation has risen. The decision to cut the overnight policy interest rate to 2.75% was a step in the right direction in light of the economic challenges Canada is facing. The Bank of Canada is rightly focused on dedicating its resources to pressing and important issues such as paying attention to the housing market as it sets its policy.”
- Lauren van den Berg, President and CEO of Mortgage Professionals Canada
See Current Rates
