Bank of Canada meeting —
At its 17 September 2025 meeting, the Bank of Canada lowered its policy rate to 2.50%.
Decision
cut — 2.50%
Key passages
The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%.
Canada’s GDP declined by about 1½% in the second quarter, as expected, with tariffs and trade uncertainty weighing heavily on economic activity.
Meeting documents
Background reading
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