For more information on the policy interest rate, see this explainer. This page for individuals and businesses contains links to current and historical prescribed annual interest rates that apply to any amounts owed to the cra and to any amounts the cra owes to individuals and corporations, from 1996 to the present.
The historical rates graph also includes the prime rate, which is used as a benchmark for variable mortgage rates offered by canadian lenders. Monthly series show values for the last wednesday of each month.
Will Interest Rates See Relief In 2024?
The bank of canada held its benchmark interest rate steady on wednesday amid signs that inflation is easing, with officials acknowledging that a rate cut in june is.
It Has Indicated It Expects To Be Done With Rate Hikes, And May Start To Lower Interest Rates As Soon As This Year.
Dawn desjardins, senior economist at deloitte canada, talks with financial post’s larysa harapyn about what the latest inflation data means to the bank of canada and interest rates.
Images References :
The Bank Of Canada (Boc).
Canada's annual inflation rate cooled to 2.8 per cent in february, beating many economists' expectations and raising hopes the bank of canada will soon start cutting its benchmark.
The European Central Bank (Ecb) Has Cut Interest Rates By 25 Basis Points, Lowering Its Deposit Rate To 3.75%.
For more information on the policy interest rate, see this explainer.