Policy Rate Announced by the Bank of Canada
Canada| Date | Value | ||
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| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
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| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The Bank of Canada's policy rate announcement is a crucial event for determining the direction of Canada's monetary policy. Typically, the Bank of Canada (BoC) makes eight policy rate announcements per year, aiming to adjust the financial environment to ensure economic stability and growth. These announcements take into account various economic indicators such as economic growth, inflation, unemployment rates, and exchange rates.
Decisions on the policy rate are made to either prevent the economy from overheating by raising interest rates or to stimulate the economy by lowering interest rates. For instance, if inflation is rising, the BoC might consider raising interest rates to temper economic growth. Conversely, if the economy is sluggish, the BoC might lower interest rates to encourage consumption and investment.
Policy rate announcements have a significant impact on financial markets, drawing widespread attention. Investors and businesses use these announcements to adjust their economic outlooks and investment strategies. Additionally, changes in the policy rate directly affect consumer borrowing costs and savings rates, making these announcements important events for the general public as well.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
