Bank of Canada Releases 2023 Interest Rate Decision Schedule
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The Bank of Canada announced its 2023 schedule for releasing its policy interest rate decisions and quarterly Monetary Policy Report this week. The schedule includes eight scheduled announcements throughout the year, with the first one coming on January 25, 2023.
The Bank of Canada's interest rate decisions are closely watched by economists, businesses, and consumers alike. The Bank's decisions can have a significant impact on the economy, including inflation, economic growth, and employment.
The Bank's 2023 schedule is as follows:
- January 25, 2023
- March 8, 2023
- April 12, 2023
- June 7, 2023
- July 12, 2023
- September 6, 2023
- October 25, 2023
- December 6, 2023
The Bank's policy interest rate is currently set at 0.25%. The Bank has indicated that it plans to keep its interest rate low until the economy recovers from the COVID-19 pandemic.
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