Complete guide: Will the Bank of Canada hold its policy rate at 2.25% in October?

Complete guide: Will the Bank of Canada hold its policy rate at 2.25% in October?

Event Details

The Bank of Canada has held the overnight target at 2.25% for six consecutive decisions and announces again on October 28. Opening probability is 78%: six straight holds and a tightly clustered survey support no change, while energy and tariff inflation leave a meaningful hike tail. Use the Bank of Canada's first October 28 announcement: Yes only if the overnight target is exactly 2.25%; any other target is No. Ignore later revisions.

Information source

October 28 interest-rate announcement and September policy record

Outcomes

  • Yes 78%
  • No 22%

Resolution Rules

Use the Bank of Canada's first October 28 announcement: Yes only if the overnight target is exactly 2.25%; any other target is No. Ignore later revisions.

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