Bank of Canada meeting —
At its 28 January 2026 meeting, the Bank of Canada held its policy rate at 2.25%.
Decision
hold — 2.25% to 2.25%
Key passages
The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.
Governing Council judges the current policy rate remains appropriate, conditional on the economy evolving broadly in line with the outlook we published today. However, uncertainty is heightened and we are monitoring risks closely. If the outlook changes, we are prepared to respond.
Meeting documents
Background reading
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