Bank of Canada meeting —
At its 29 October 2025 meeting, the Bank of Canada lowered its policy rate from 2.50% to 2.25%.
Decision
cut — 2.50% to 2.25%
Key passages
The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.
Because US trade policy remains unpredictable and uncertainty is still higher than normal, this projection is subject to a wider-than-usual range of risks.
Meeting documents
Background reading
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