{"id":422726,"date":"2026-03-18T11:00:00","date_gmt":"2026-03-18T15:00:00","guid":{"rendered":"https:\/\/mp-2702.milesopedia.dev\/?p=422726"},"modified":"2026-05-08T15:52:47","modified_gmt":"2026-05-08T15:52:47","slug":"policy-interest-rate-canada","status":"publish","type":"post","link":"https:\/\/mp-2702.milesopedia.dev\/en\/news\/finance\/policy-interest-rate-canada\/","title":{"rendered":"Bank of Canada policy rate: understanding its role and impact"},"content":{"rendered":"\n<p>The policy rate in Canada is a key tool used by the Bank of Canada to steer the economy. It influences interest rates, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/mortgages\/how-do-you-work-hypothecary-canada\/\">mortgages<\/a>, credit cards, and <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/offers\/bank-accounts\/high-interest-savings-accounts-canada\/\">savings<\/a>. Understanding this mechanism helps you anticipate financial changes and better manage your <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/guide\/101-personal-finance-canada\/\">personal finances<\/a>.<\/p>\n\n\n\n<p>With this article, you will learn how the policy rate works, how it affects your financial products, and where to follow its decisions. You will also find our tips for adjusting your savings and borrowing strategies.<\/p>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='s'\n\t\t\t\tdata-post_type='page'\n\t\t\t\tdata-per_page='4'\n\t\t\t\tclass='deferred_container--preload container_page container_template--s container_count--1'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"page_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"384898\"\n\t\t\t\t\t\t\t>\n\t\t<article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-recent-bank-of-canada-decisions\">Recent Bank of Canada decisions<\/h2>\n\n\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-decision-of-april-29-2026-policy-interest-rate-maintained-at-2-25\">Decision of April 29, 2026: Policy interest rate maintained at 2.25%<\/h3>\n\n\n\n<p>On April 29, 2026, the Bank of Canada (<a href=\"https:\/\/www.bankofcanada.ca\/core-functions\/monetary-policy\/key-interest-rate\/\" target=\"_blank\" rel=\"noopener\">BoC<\/a>) announced that it is maintaining its policy interest rate at 2.25%, marking the fourth consecutive announcement without a change.<\/p>\n\n\n\n<p>This decision comes amid increased global uncertainty, notably due to geopolitical tensions in the Middle East and fluctuations in energy prices. Consequently, inflation remains under close supervision.<\/p>\n\n\n\n<p>Furthermore, the BoC highlights that Canadian economic growth remains moderate, supported by consumption and public spending, but hampered by exports and business investment.<\/p>\n\n\n\n<p>As a result, the central scenario forecasts a gradual return of inflation toward the 2% target by 2027, provided current conditions persist.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1292\" height=\"692\" src=\"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2026\/05\/taux-directeur-avril-2026-en.png\" alt=\"Bank of Canada policy rate: understanding its role and impact - policy interest rate april 2026\" class=\"wp-image-496494\" srcset=\"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2026\/05\/taux-directeur-avril-2026-en.png 1292w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2026\/05\/taux-directeur-avril-2026-en-450x241.png 450w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2026\/05\/taux-directeur-avril-2026-en-1024x548.png 1024w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2026\/05\/taux-directeur-avril-2026-en-200x107.png 200w, https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2026\/05\/taux-directeur-avril-2026-en-768x411.png 768w\" sizes=\"(max-width: 1292px) 100vw, 1292px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-march-18-2026-policy-rate-held-at-2-25\">March 18, 2026: Policy rate held at 2.25%<\/h3>\n\n\n\n<p>On March 18, 2026, the Bank of Canada (<a href=\"https:\/\/www.bankofcanada.ca\/core-functions\/monetary-policy\/key-interest-rate\/\" target=\"_blank\" rel=\"noopener\">BoC<\/a>) announced its decision to hold the policy rate at 2.25%.<\/p>\n\n\n\n<p>This decision comes amid an economic environment where inflation remains close to the 2% target, but external risks, such as energy price volatility, continue to fuel economic uncertainty.<\/p>\n\n\n\n<p>The BoC judged it was premature to change the policy rate due to external factors such as the recent rise in oil prices and other potential inflationary pressures. It indicated it would closely monitor economic developments before considering any increase or decrease in the future.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-january-28-2026-policy-interest-rate-maintained-at-2-25\">January 28, 2026: Policy Interest Rate Maintained at 2.25%<\/h3>\n\n\n\n<p>On January 28, 2026, the Bank of Canada (<a href=\"https:\/\/www.bankofcanada.ca\/core-functions\/monetary-policy\/key-interest-rate\/\" target=\"_blank\" rel=\"noopener\">BoC<\/a>) decided to maintain its policy interest rate at 2.25%.<\/p>\n\n\n\n<p>Consequently, the target for the overnight rate remains at the same level as in December 2025, a sign that the institution wishes to observe economic developments before adjusting its monetary policy.<\/p>\n\n\n\n<p>In its <a target=\"_blank\" href=\"https:\/\/www.bankofcanada.ca\/2026\/01\/fad-press-release-2026-01-28\/\">statement<\/a>, the BoC notes that inflation is expected to remain close to the 2% target over the coming quarters.<\/p>\n\n\n\n<p>However, it believes that economic uncertainty remains high, particularly due to trade tensions and the global environment.<\/p>\n\n\n\n<p>This decision reflects a cautious approach in the face of moderate growth and external risks.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-december-2025-policy-rate-maintained-at-2-25\">December 2025: Policy Rate Maintained at 2.25%<\/h3>\n\n\n\n<p>On December 10, 2025, the Bank of Canada (<a href=\"https:\/\/www.bankofcanada.ca\/core-functions\/monetary-policy\/key-interest-rate\/\" target=\"_blank\" rel=\"noopener\">BoC<\/a>) announced it was maintaining its policy rate at 2.25%.<\/p>\n\n\n\n<p>It deemed this level remained appropriate to keep inflation near its target of approximately 2% while supporting the economy.<\/p>\n\n\n\n<p>The statement noted that the Canadian economy has recently shown some strength: including growth in gross domestic product (GDP), the job market, etc. Despite this, uncertainty persists due to trade tensions. The BoC stated it remains prepared to act if economic data or inflation deteriorates.<\/p>\n\n\n\n<p>This decision provides some stability to financial markets, lenders, and variable-rate borrowers, at least in the short term.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-october-2025-policy-rate-reduced-to-2-25\">October 2025: Policy Rate Reduced to 2.25%<\/h3>\n\n\n\n<p>On October 29, 2025, the Bank of Canada (<a href=\"https:\/\/www.bankofcanada.ca\/core-functions\/monetary-policy\/key-interest-rate\/\" target=\"_blank\" rel=\"noopener\">BoC<\/a>) lowered its target for the overnight rate by 25 basis points to 2.25%.<\/p>\n\n\n\n<p>With this move, the BoC aimed to support the economy facing uncertainties related to international trade.<br>Bank of Canada<\/p>\n\n\n\n<p>According to the statement, underlying inflation was around 2.5%, while key indicators showed a slowdown in activity.<\/p>\n\n\n\n<p>The Bank judged that this new rate level was appropriate to keep inflation near 2% while supporting the economy through its adjustment period.<\/p>\n\n\n\n<p>Consequently, many borrowers (variable mortgages, lines of credit) were able to benefit from slightly more flexible financing conditions. For savers, this could have meant an adjustment to the rates offered on <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/offers\/bank-accounts\/high-interest-savings-accounts-canada\/\">savings accounts<\/a> or GICs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-september-2025-policy-rate-reduced-to-2-5\">September 2025: Policy Rate Reduced to 2.5%<\/h3>\n\n\n\n<p>On September 17, 2025, the Bank of Canada (<a target=\"_blank\" href=\"https:\/\/www.bankofcanada.ca\/core-functions\/monetary-policy\/key-interest-rate\/\">BoC<\/a>) announced a 25-basis-point reduction in its policy interest rate, bringing it down from 2.75% to 2.50%, the lowest level in 3 years. This unanimous decision by the Governing Council comes amidst a significantly weakened labor market: significant job losses, rising unemployment, and negative economic growth in the second quarter.<\/p>\n\n\n\n<p>The BoC also notes that underlying inflation, although still above the 2% target, is tending to ease. The Canadian government&#8217;s withdrawal of most retaliatory tariffs against the United States is cited as a factor helping to control inflationary pressures.<\/p>\n\n\n\n<p>For borrowers, this reduction in the policy interest rate should ease payments on variable-rate <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/loans-personnel-canada\/\">loans<\/a>, lines of credit, and <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/mortgages\/how-do-you-work-hypothecary-canada\/\">mortgages<\/a>. However, the decision remains dependent on upcoming economic data, particularly regarding employment and inflation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-july-2025-policy-rate-maintained-at-2-75\">July 2025: Policy Rate Maintained at 2.75%<\/h3>\n\n\n\n<p>On July 30, 2025, the Bank of Canada once again maintained its policy interest rate at 2.75%. This was the third consecutive status quo decision. The reasons cited include the relative resilience of the Canadian economy, persistent inflationary pressures, and external risks (tariffs, international trade, etc.).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-june-2025-policy-rate-maintained-at-2-75\">June 2025: Policy Rate Maintained at 2.75%<\/h3>\n\n\n\n<p>On June 4, 2025, the Bank of Canada maintained the policy interest rate at 2.75%. It indicated that the Canadian economy was showing signs of slowing, without a sharp decline, while underlying inflation remained stronger than anticipated. This decision reflects a desire for caution in order to assess the impact of global economic uncertainties and international trade policies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-april-2025-policy-rate-maintained-at-2-75\">April 2025: Policy Rate Maintained at 2.75%<\/h3>\n\n\n\n<p>On April 16, 2025, the Bank of Canada maintained the policy interest rate at 2.75%. The decision is explained by economic data showing a moderate weakening of growth, but inflation remaining just above expectations. Uncertainties related to U.S. tariffs remain a factor in its cautious stance.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-march-2025-policy-rate-reduced-to-2-75\">March 2025: Policy Rate Reduced to 2.75%<\/h3>\n\n\n\n<p>On March 12, 2025, the Bank of Canada (<a target=\"_blank\" href=\"https:\/\/www.bankofcanada.ca\/core-functions\/monetary-policy\/key-interest-rate\/\">BoC<\/a>) lowered the policy interest rate by 25 basis points, bringing it from 3.00% to 2.75%. This reduction is part of a cycle of consecutive cuts, marked by uncertainties related to U.S. tariffs and trade tensions threatening growth.<\/p>\n\n\n\n<p>Inflation is now close to the 2% target, but the Bank remains vigilant, as underlying inflationary pressures and remaining housing costs raise concerns.<\/p>\n\n\n\n<p>For borrowers, this means relief on variable rates and a possible decrease in payments related to variable-rate <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/loans-personnel-canada\/\">loans<\/a> and <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/mortgages\/how-do-you-work-hypothecary-canada\/\">mortgages<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-january-2025-policy-rate-reduced-to-3\">January 2025: Policy Rate Reduced to 3%<\/h3>\n\n\n\n<p>On January 29, 2025, the Bank of Canada (<a target=\"_blank\" href=\"https:\/\/www.bankofcanada.ca\/core-functions\/monetary-policy\/key-interest-rate\/\">BoC<\/a>) decided to cut its interest rate by a further 25 basis points to 3%. This was the sixth consecutive cut. In addition, the BoC has announced the end of quantitative tightening, so that its balance sheet can stabilize and then begin to grow in line with the economy. Since June 2024, the BoC&#8217;s interest rate has fallen from 5% to 3%.<\/p>\n\n\n\n<p>As a result, Canadians with variable-rate <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/mortgages\/how-do-you-work-hypothecary-canada\/\">mortgages<\/a> will see a reduction in their interest payments as early as tomorrow (January 30). In addition, interest rates on <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/loans-personnel-canada\/\">personal loans<\/a> are also expected to fall by a quarter of a percentage point.<\/p>\n\n\n\n<p>This announcement comes in a context where inflation in Canada is under control; the Consumer Price Index (CPI) is up by 1.8% on an annual basis in December 2024 (compared to an increase of 1.9% in November 2024). In addition, the BoC forecasts GDP growth of 1.8% in 2025 and 2026, with inflation remaining within its 2% annual target.<\/p>\n\n\n\n<p>That said, the Bank of Canada&#8217;s press release indicates that there is a great deal of uncertainty surrounding the Canadian economy in relation to U.S. tariffs. President Donald Trump is threatening to impose 25% tariffs on Canadian imports, effective February 1<sup>st<\/sup>, 2025.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-december-2024-policy-rate-reduced-to-3-25\">December 2024: Policy Rate Reduced to 3.25%<\/h3>\n\n\n\n<p>On December 11, 2024, the Bank of Canada (<a target=\"_blank\" href=\"https:\/\/www.bankofcanada.ca\/core-functions\/monetary-policy\/key-interest-rate\/\">BoC<\/a>) decided to cut its policy interest rate by a further 50 basis points to 3.25%. Since June 2024, the rate has fallen from 5% to 3.25%.<\/p>\n\n\n\n<p>This announcement comes at a time when inflation is hovering around 2%, and recent economic growth has been weaker than expected. In fact, growth stood at 1% in the third quarter of 2024 and is expected to be even more modest in the final quarter. Additionally, the unemployment rate rose to 6.8% in November. Finally, Donald Trump\u2019s threat to impose tariffs on Canadian imports is a major source of uncertainty for the economic outlook.<\/p>\n\n\n\n<p>Furthermore, the Bank of Canada announced in its recent press conference that 50-basis-point rate cuts are over and that future cuts will be more gradual.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-bank-of-canada-role-and-mandate\">The Bank of Canada: role and mandate<\/h2>\n\n\n\n<p>The Bank of Canada (<a target=\"_blank\" href=\"https:\/\/www.bankofcanada.ca\/core-functions\/monetary-policy\/key-interest-rate\/\">BoC<\/a>) is the country\u2019s central bank. It manages monetary policy and ensures financial stability. Its primary objective is to keep inflation around 2%.<\/p>\n\n\n\n<p>It directly influences interest rates, which affects the entire Canadian economy. The Bank also acts as lender of last resort for financial institutions and oversees financial markets to ensure they function properly.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-the-policy-rate-works\">How the policy rate works<\/h2>\n\n\n\n<p>The policy rate is the rate at which the Bank of Canada lends money to financial institutions for short periods. It serves as a benchmark for almost all other interest rates in Canada.<\/p>\n\n\n\n<p>By adjusting this rate, the Bank controls the supply of credit and influences consumption, investment, and savings. An increase tends to slow the economy and inflation, while a decrease stimulates them.<\/p>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='s'\n\t\t\t\tdata-post_type='post'\n\t\t\t\tdata-per_page='4'\n\t\t\t\tclass='deferred_container--preload container_post container_template--s container_count--3'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"post_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"210572,210638,210631\"\n\t\t\t\t\t\t\t>\n\t\t<article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article><article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article><article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-policy-interest-rate-vs-overnight-rate-vs-prime-rate\">Policy Interest Rate Vs Overnight Rate Vs Prime Rate<\/h2>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li><strong>Policy rate<\/strong>: set by the Bank of Canada, it is the cost at which it lends to banks.<\/li>\n\n\n\n<li><strong>Overnight rate<\/strong>: the rate at which banks lend money to each other for one day. It closely tracks the policy rate.<\/li>\n\n\n\n<li><strong>Prime rate<\/strong>: the rate at which banks offer loans to their best customers. It is generally higher than the policy rate and varies by bank.<\/li>\n<\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-the-policy-rate-influences-the-economy\">How the policy rate influences the economy<\/h2>\n\n\n\n<p>The policy rate acts as a lever to regulate inflation and stimulate or slow the economy.<\/p>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li><strong>Rate increase<\/strong>: makes borrowing more expensive, slows consumption, and limits inflation.<\/li>\n\n\n\n<li><strong>Rate cut<\/strong>: encourages borrowing and investment, supporting economic growth.<\/li>\n<\/ul><\/div>\n\n\n\n<p>It also influences the cost of public debt and the value of the Canadian dollar.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-the-policy-rate-influences-mortgage-rates\">How the policy rate influences mortgage rates<\/h2>\n\n\n\n<p>The policy rate is a key indicator for <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/mortgages\/how-do-you-work-hypothecary-canada\/\">variable-rate mortgages<\/a>.<\/p>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li><strong>Variable rate<\/strong>: directly tracks the prime rate and therefore the policy rate.<\/li>\n\n\n\n<li><strong>Fixed rate<\/strong>: indirectly affected through bond market rates, which are used to calculate the fixed rate.<\/li>\n<\/ul><\/div>\n\n\n\n<p>As a result, an increase in the policy rate raises your variable mortgage payments, while a decrease can lower them.<\/p>\n\n\n\n<p>To compare mortgages, use our <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/compare-mortgage-rates\/\">mortgage rate comparator<\/a>.<\/p>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='s-h'\n\t\t\t\tdata-post_type='post'\n\t\t\t\tdata-per_page='1'\n\t\t\t\tclass='deferred_container--preload container_post container_template--s-h container_count--1'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"post_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"210572\"\n\t\t\t\t\t\t\t>\n\t\t<article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-tracking-the-policy-rate-in-canada\">Tracking the policy rate in Canada<\/h2>\n\n\n\n<p>To stay informed about changes to the policy rate, it is recommended to regularly consult the official Bank of Canada website. There you will find all monetary policy decisions, press releases, and economic analyses explaining rate adjustments.<\/p>\n\n\n\n<p>You can also enable financial alerts through your bank or specialized apps. These tools send notifications as soon as a decision is announced, so you can adjust your financial strategies quickly.<\/p>\n\n\n\n<p>Online tools, such as mortgage calculators and line-of-credit simulators, help measure the real impact of a change in the policy rate on your <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/guide\/101-personal-finance-canada\/\">personal finances<\/a>. They help you plan your borrowing and optimize your investments or <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/offers\/bank-accounts\/high-interest-savings-accounts-canada\/\">savings<\/a>.<\/p>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='s-h'\n\t\t\t\tdata-post_type='post'\n\t\t\t\tdata-per_page='1'\n\t\t\t\tclass='deferred_container--preload container_post container_template--s-h container_count--1'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"post_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"247124\"\n\t\t\t\t\t\t\t>\n\t\t<article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion\">Conclusion<\/h2>\n\n\n\n<p>Understanding Canada\u2019s policy rate helps you better anticipate changes in interest rates and plan your finances. It affects your <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/mortgages\/how-do-you-work-hypothecary-canada\/\">mortgages<\/a>, credit cards, and investments, as well as the overall health of the economy.<\/p>\n\n\n\n<p>By monitoring Bank of Canada decisions and using the right financial tools, you can adjust your savings and repayment strategies while optimizing your <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/guide\/101-personal-finance-canada\/\">personal finances<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-bank-of-canada-policy-rate-faq\">Bank of Canada policy rate \u2013 FAQ<\/h3>\n\n\n<aside class=\"component component__faq wp-block-milesgutenberg-faq\">\n\t\n<div class=\"component component__faq__item component__faq__item--opened wp-block-milesgutenberg-faq-item\">\n\t<div class=\"component__faq__item__title\">\n\t\t<h4 id=\"what_is_the_policy_interest_rate_\" class=\"toc_exclude component__faq__item__title__heading\">\n\t\t\tWhat is the Policy Interest Rate?\t\t<\/h4>\n\t\t<i class=\"fas fa-chevron-down\"><\/i>\n\t<\/div>\n\t<div class=\"component__faq__item__content\">\n\t\t<div class=\"component__faq__item__content__inner\">\n\t\t\t\n\n<p>The policy rate is the rate at which the Bank of Canada lends to banks. It serves as a benchmark for most interest rates in Canada.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n<div class=\"component component__faq__item component__faq__item--opened wp-block-milesgutenberg-faq-item\">\n\t<div class=\"component__faq__item__title\">\n\t\t<h4 id=\"how_does_the_policy_rate_affect_my_mortgage_loans_\" class=\"toc_exclude component__faq__item__title__heading\">\n\t\t\tHow does the policy rate affect my mortgage loans?\t\t<\/h4>\n\t\t<i class=\"fas fa-chevron-down\"><\/i>\n\t<\/div>\n\t<div class=\"component__faq__item__content\">\n\t\t<div class=\"component__faq__item__content__inner\">\n\t\t\t\n\n<p>Variable-rate mortgages track the policy rate. An increase can raise your monthly payments; a decrease can lower them.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n<div class=\"component component__faq__item component__faq__item--opened wp-block-milesgutenberg-faq-item\">\n\t<div class=\"component__faq__item__title\">\n\t\t<h4 id=\"why_does_the_bank_of_canada_change_the_policy_rate_\" class=\"toc_exclude component__faq__item__title__heading\">\n\t\t\tWhy does the Bank of Canada change the policy rate?\t\t<\/h4>\n\t\t<i class=\"fas fa-chevron-down\"><\/i>\n\t<\/div>\n\t<div class=\"component__faq__item__content\">\n\t\t<div class=\"component__faq__item__content__inner\">\n\t\t\t\n\n<p>Primarily to control inflation and support economic stability.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n<div class=\"component component__faq__item component__faq__item--opened wp-block-milesgutenberg-faq-item\">\n\t<div class=\"component__faq__item__title\">\n\t\t<h4 id=\"where_can_i_follow_bank_of_canada_decisions_\" class=\"toc_exclude component__faq__item__title__heading\">\n\t\t\tWhere can I follow Bank of Canada decisions?\t\t<\/h4>\n\t\t<i class=\"fas fa-chevron-down\"><\/i>\n\t<\/div>\n\t<div class=\"component__faq__item__content\">\n\t\t<div class=\"component__faq__item__content__inner\">\n\t\t\t\n\n<p>Visit the official Bank of Canada website and enable reliable financial alerts to be informed quickly.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n<div class=\"component component__faq__item component__faq__item--opened wp-block-milesgutenberg-faq-item\">\n\t<div class=\"component__faq__item__title\">\n\t\t<h4 id=\"why_is_the_policy_rate_important_for_my_savings_\" class=\"toc_exclude component__faq__item__title__heading\">\n\t\t\tWhy is the policy rate important for my savings?\t\t<\/h4>\n\t\t<i class=\"fas fa-chevron-down\"><\/i>\n\t<\/div>\n\t<div class=\"component__faq__item__content\">\n\t\t<div class=\"component__faq__item__content__inner\">\n\t\t\t\n\n<p>It influences returns on savings accounts, GICs, and fixed-income investments. A rate change can increase or decrease your earnings.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n<div class=\"component component__faq__item component__faq__item--opened wp-block-milesgutenberg-faq-item\">\n\t<div class=\"component__faq__item__title\">\n\t\t<h4 id=\"does_the_policy_rate_change_often_\" class=\"toc_exclude component__faq__item__title__heading\">\n\t\t\tDoes the policy rate change often?\t\t<\/h4>\n\t\t<i class=\"fas fa-chevron-down\"><\/i>\n\t<\/div>\n\t<div class=\"component__faq__item__content\">\n\t\t<div class=\"component__faq__item__content__inner\">\n\t\t\t\n\n<p>The Bank of Canada adjusts the rate based on economic conditions. Changes are announced publicly, usually after monetary policy meetings.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n<div class=\"component component__faq__item component__faq__item--opened wp-block-milesgutenberg-faq-item\">\n\t<div class=\"component__faq__item__title\">\n\t\t<h4 id=\"can_the_policy_rate_remain_stable_for_a_long_time_\" class=\"toc_exclude component__faq__item__title__heading\">\n\t\t\tCan the policy rate remain stable for a long time?\t\t<\/h4>\n\t\t<i class=\"fas fa-chevron-down\"><\/i>\n\t<\/div>\n\t<div class=\"component__faq__item__content\">\n\t\t<div class=\"component__faq__item__content__inner\">\n\t\t\t\n\n<p>Yes, the Bank of Canada can keep the rate unchanged for several meetings if conditions are stable.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n<div class=\"component component__faq__item component__faq__item--opened wp-block-milesgutenberg-faq-item\">\n\t<div class=\"component__faq__item__title\">\n\t\t<h4 id=\"what_is_the_difference_between_the_policy_rate_and_the_prime_rate_\" class=\"toc_exclude component__faq__item__title__heading\">\n\t\t\tWhat is the difference between the policy rate and the prime rate?\t\t<\/h4>\n\t\t<i class=\"fas fa-chevron-down\"><\/i>\n\t<\/div>\n\t<div class=\"component__faq__item__content\">\n\t\t<div class=\"component__faq__item__content__inner\">\n\t\t\t\n\n<p>The policy rate is set by the Bank of Canada, while the prime rate is established by banks.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n<div class=\"component component__faq__item component__faq__item--opened wp-block-milesgutenberg-faq-item\">\n\t<div class=\"component__faq__item__title\">\n\t\t<h4 id=\"what_causes_the_policy_rate_to_rise_or_fall_\" class=\"toc_exclude component__faq__item__title__heading\">\n\t\t\tWhat causes the policy rate to rise or fall?\t\t<\/h4>\n\t\t<i class=\"fas fa-chevron-down\"><\/i>\n\t<\/div>\n\t<div class=\"component__faq__item__content\">\n\t\t<div class=\"component__faq__item__content__inner\">\n\t\t\t\n\n<p>Inflation, economic growth, employment, and overall financial conditions.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n<\/aside>","protected":false},"excerpt":{"rendered":"<p>Canada&#8217;s policy interest rate is set by the Bank of Canada and influences interest rates, mortgages, and credit. Discover the latest decisions of 2026 and their impact on your personal finances.<\/p>","protected":false},"author":2488,"featured_media":422867,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[48417],"tags":[],"mc_loyalty_program":[],"class_list":["post-422726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","mc_market-all-of-canada"],"acf":{"mc_approved_badge":false,"mc_card_used":"","mc_featured_card_specific":"","mc_hide_featured_card":false,"mc_post_checklist":{"mc_post_checklist_true":null,"mc_post_checklist_false":null}},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bank of Canada policy rate: understanding its role and impact | Milesopedia<\/title>\n<meta name=\"description\" content=\"Bank of Canada policy rate: understand its role and impact on loans, savings, and cards. Follow the Bank of Canada.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mp-2702.milesopedia.dev\/en\/news\/finance\/policy-interest-rate-canada\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of Canada policy rate: understanding its role and impact\" \/>\n<meta property=\"og:description\" content=\"Bank of Canada policy rate: understand its role and impact on loans, savings, and cards. Follow the Bank of Canada.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mp-2702.milesopedia.dev\/en\/news\/finance\/policy-interest-rate-canada\/\" \/>\n<meta property=\"og:site_name\" content=\"Milesopedia\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-18T15:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-08T15:52:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/milesopedia.com\/wp-content\/uploads\/2024\/12\/Finances-personnelles-1024x538-10.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"538\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vincent Morin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Vincent Morin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/news\\\/finance\\\/policy-interest-rate-canada\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/news\\\/finance\\\/policy-interest-rate-canada\\\/\"},\"author\":{\"name\":\"Vincent Morin\",\"@id\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/#\\\/schema\\\/person\\\/37a68e7a77f09265c60e10254d4bdd27\"},\"headline\":\"Bank of Canada policy rate: understanding its role and impact\",\"datePublished\":\"2026-03-18T15:00:00+00:00\",\"dateModified\":\"2026-05-08T15:52:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/news\\\/finance\\\/policy-interest-rate-canada\\\/\"},\"wordCount\":1981,\"publisher\":{\"@id\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/news\\\/finance\\\/policy-interest-rate-canada\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/Finances-personnelles-1024x538-10.jpg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/news\\\/finance\\\/policy-interest-rate-canada\\\/\",\"url\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/news\\\/finance\\\/policy-interest-rate-canada\\\/\",\"name\":\"Bank of Canada policy rate: understanding its role and impact - Milesopedia\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/news\\\/finance\\\/policy-interest-rate-canada\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/news\\\/finance\\\/policy-interest-rate-canada\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/Finances-personnelles-1024x538-10.jpg\",\"datePublished\":\"2026-03-18T15:00:00+00:00\",\"dateModified\":\"2026-05-08T15:52:47+00:00\",\"description\":\"Bank of Canada policy rate: understand its role and impact on loans, savings, and cards. Follow the Bank of Canada.\",\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/news\\\/finance\\\/policy-interest-rate-canada\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/news\\\/finance\\\/policy-interest-rate-canada\\\/#primaryimage\",\"url\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/Finances-personnelles-1024x538-10.jpg\",\"contentUrl\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/Finances-personnelles-1024x538-10.jpg\",\"width\":1024,\"height\":538,\"caption\":\"Bank of Canada policy rate: understanding its role and impact - Canada Policy Rate\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/\",\"name\":\"Milesopedia\",\"description\":\"Programmes de fid\u00e9lit\u00e9 et cartes de cr\u00e9dit au Canada\",\"publisher\":{\"@id\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/#organization\",\"name\":\"Milesopedia\",\"url\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/Milesopedia-CANADA.png\",\"contentUrl\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/Milesopedia-CANADA.png\",\"width\":884,\"height\":203,\"caption\":\"Milesopedia\"},\"image\":{\"@id\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/#\\\/schema\\\/person\\\/37a68e7a77f09265c60e10254d4bdd27\",\"name\":\"Vincent Morin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d02b4baa31a83309b3fcc7be06ea11c94f79fd2732638f0c4d12a8cb75bc7cce?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d02b4baa31a83309b3fcc7be06ea11c94f79fd2732638f0c4d12a8cb75bc7cce?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d02b4baa31a83309b3fcc7be06ea11c94f79fd2732638f0c4d12a8cb75bc7cce?s=96&d=mm&r=g\",\"caption\":\"Vincent Morin\"},\"description\":\"Vincent a atteint l'ind\u00e9pendance financi\u00e8re et pris sa retraite anticip\u00e9e (FIRE) \u00e0 l'\u00e2ge de 35 ans. Apr\u00e8s une carri\u00e8re en technologies financi\u00e8res pour une grande banque d\u2019investissement am\u00e9ricaine, il a fond\u00e9 Retraite101, un site de finances personnelles qui rejoint plus de 350 000 visiteurs uniques par ann\u00e9e et qui a plus de 40 000 abonn\u00e9s sur les r\u00e9seaux sociaux. Passionn\u00e9 par la finance, la lecture, le v\u00e9lo, les randonn\u00e9es et les voyages, il continue d\u2019\u00e9crire sur plusieurs m\u00e9dias qu\u00e9b\u00e9cois pour inspirer et motiver celles et ceux qui veulent prendre leurs finances en main.\",\"sameAs\":[\"https:\\\/\\\/retraite101.com\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/in\\\/mvincentmorin\\\/\"],\"url\":\"https:\\\/\\\/mp-2702.milesopedia.dev\\\/en\\\/author\\\/vincent\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bank of Canada policy rate: understanding its role and impact | Milesopedia","description":"Bank of Canada policy rate: understand its role and impact on loans, savings, and cards. Follow the Bank of Canada.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mp-2702.milesopedia.dev\/en\/news\/finance\/policy-interest-rate-canada\/","og_locale":"en_US","og_type":"article","og_title":"Bank of Canada policy rate: understanding its role and impact","og_description":"Bank of Canada policy rate: understand its role and impact on loans, savings, and cards. Follow the Bank of Canada.","og_url":"https:\/\/mp-2702.milesopedia.dev\/en\/news\/finance\/policy-interest-rate-canada\/","og_site_name":"Milesopedia","article_published_time":"2026-03-18T15:00:00+00:00","article_modified_time":"2026-05-08T15:52:47+00:00","og_image":[{"width":1024,"height":538,"url":"https:\/\/milesopedia.com\/wp-content\/uploads\/2024\/12\/Finances-personnelles-1024x538-10.jpg","type":"image\/jpeg"}],"author":"Vincent Morin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Vincent Morin","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mp-2702.milesopedia.dev\/en\/news\/finance\/policy-interest-rate-canada\/#article","isPartOf":{"@id":"https:\/\/mp-2702.milesopedia.dev\/en\/news\/finance\/policy-interest-rate-canada\/"},"author":{"name":"Vincent Morin","@id":"https:\/\/mp-2702.milesopedia.dev\/en\/#\/schema\/person\/37a68e7a77f09265c60e10254d4bdd27"},"headline":"Bank of Canada policy rate: understanding its role and impact","datePublished":"2026-03-18T15:00:00+00:00","dateModified":"2026-05-08T15:52:47+00:00","mainEntityOfPage":{"@id":"https:\/\/mp-2702.milesopedia.dev\/en\/news\/finance\/policy-interest-rate-canada\/"},"wordCount":1981,"publisher":{"@id":"https:\/\/mp-2702.milesopedia.dev\/en\/#organization"},"image":{"@id":"https:\/\/mp-2702.milesopedia.dev\/en\/news\/finance\/policy-interest-rate-canada\/#primaryimage"},"thumbnailUrl":"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/12\/Finances-personnelles-1024x538-10.jpg","articleSection":["Finance"],"inLanguage":"en-CA"},{"@type":"WebPage","@id":"https:\/\/mp-2702.milesopedia.dev\/en\/news\/finance\/policy-interest-rate-canada\/","url":"https:\/\/mp-2702.milesopedia.dev\/en\/news\/finance\/policy-interest-rate-canada\/","name":"Bank of Canada policy rate: understanding its role and impact - Milesopedia","isPartOf":{"@id":"https:\/\/mp-2702.milesopedia.dev\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/mp-2702.milesopedia.dev\/en\/news\/finance\/policy-interest-rate-canada\/#primaryimage"},"image":{"@id":"https:\/\/mp-2702.milesopedia.dev\/en\/news\/finance\/policy-interest-rate-canada\/#primaryimage"},"thumbnailUrl":"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/12\/Finances-personnelles-1024x538-10.jpg","datePublished":"2026-03-18T15:00:00+00:00","dateModified":"2026-05-08T15:52:47+00:00","description":"Bank of Canada policy rate: understand its role and impact on loans, savings, and cards. Follow the Bank of Canada.","inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mp-2702.milesopedia.dev\/en\/news\/finance\/policy-interest-rate-canada\/"]}]},{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/mp-2702.milesopedia.dev\/en\/news\/finance\/policy-interest-rate-canada\/#primaryimage","url":"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/12\/Finances-personnelles-1024x538-10.jpg","contentUrl":"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2024\/12\/Finances-personnelles-1024x538-10.jpg","width":1024,"height":538,"caption":"Bank of Canada policy rate: understanding its role and impact - Canada Policy Rate"},{"@type":"WebSite","@id":"https:\/\/mp-2702.milesopedia.dev\/en\/#website","url":"https:\/\/mp-2702.milesopedia.dev\/en\/","name":"Milesopedia","description":"Programmes de fid\u00e9lit\u00e9 et cartes de cr\u00e9dit au Canada","publisher":{"@id":"https:\/\/mp-2702.milesopedia.dev\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mp-2702.milesopedia.dev\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/mp-2702.milesopedia.dev\/en\/#organization","name":"Milesopedia","url":"https:\/\/mp-2702.milesopedia.dev\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/mp-2702.milesopedia.dev\/en\/#\/schema\/logo\/image\/","url":"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2025\/08\/Milesopedia-CANADA.png","contentUrl":"https:\/\/mp-2702.milesopedia.dev\/wp-content\/uploads\/2025\/08\/Milesopedia-CANADA.png","width":884,"height":203,"caption":"Milesopedia"},"image":{"@id":"https:\/\/mp-2702.milesopedia.dev\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/mp-2702.milesopedia.dev\/en\/#\/schema\/person\/37a68e7a77f09265c60e10254d4bdd27","name":"Vincent Morin","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/secure.gravatar.com\/avatar\/d02b4baa31a83309b3fcc7be06ea11c94f79fd2732638f0c4d12a8cb75bc7cce?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d02b4baa31a83309b3fcc7be06ea11c94f79fd2732638f0c4d12a8cb75bc7cce?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d02b4baa31a83309b3fcc7be06ea11c94f79fd2732638f0c4d12a8cb75bc7cce?s=96&d=mm&r=g","caption":"Vincent Morin"},"description":"Vincent a atteint l'ind\u00e9pendance financi\u00e8re et pris sa retraite anticip\u00e9e (FIRE) \u00e0 l'\u00e2ge de 35 ans. Apr\u00e8s une carri\u00e8re en technologies financi\u00e8res pour une grande banque d\u2019investissement am\u00e9ricaine, il a fond\u00e9 Retraite101, un site de finances personnelles qui rejoint plus de 350 000 visiteurs uniques par ann\u00e9e et qui a plus de 40 000 abonn\u00e9s sur les r\u00e9seaux sociaux. Passionn\u00e9 par la finance, la lecture, le v\u00e9lo, les randonn\u00e9es et les voyages, il continue d\u2019\u00e9crire sur plusieurs m\u00e9dias qu\u00e9b\u00e9cois pour inspirer et motiver celles et ceux qui veulent prendre leurs finances en main.","sameAs":["https:\/\/retraite101.com\/","https:\/\/www.linkedin.com\/in\/mvincentmorin\/"],"url":"https:\/\/mp-2702.milesopedia.dev\/en\/author\/vincent\/"}]}},"_links":{"self":[{"href":"https:\/\/mp-2702.milesopedia.dev\/en\/wp-json\/wp\/v2\/posts\/422726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mp-2702.milesopedia.dev\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mp-2702.milesopedia.dev\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mp-2702.milesopedia.dev\/en\/wp-json\/wp\/v2\/users\/2488"}],"replies":[{"embeddable":true,"href":"https:\/\/mp-2702.milesopedia.dev\/en\/wp-json\/wp\/v2\/comments?post=422726"}],"version-history":[{"count":5,"href":"https:\/\/mp-2702.milesopedia.dev\/en\/wp-json\/wp\/v2\/posts\/422726\/revisions"}],"predecessor-version":[{"id":496503,"href":"https:\/\/mp-2702.milesopedia.dev\/en\/wp-json\/wp\/v2\/posts\/422726\/revisions\/496503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mp-2702.milesopedia.dev\/en\/wp-json\/wp\/v2\/media\/422867"}],"wp:attachment":[{"href":"https:\/\/mp-2702.milesopedia.dev\/en\/wp-json\/wp\/v2\/media?parent=422726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mp-2702.milesopedia.dev\/en\/wp-json\/wp\/v2\/categories?post=422726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mp-2702.milesopedia.dev\/en\/wp-json\/wp\/v2\/tags?post=422726"},{"taxonomy":"mc_loyalty_program","embeddable":true,"href":"https:\/\/mp-2702.milesopedia.dev\/en\/wp-json\/wp\/v2\/mc_loyalty_program?post=422726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}