Bank of Canada Interest Rate and Monetary Policy Report
Summary
The Bank of Canada has released its Interest Rate Announcement and Monetary Policy Report for October 28, 2026. This report details the Bank's base-case projection for inflation and economic growth in Canada, along with an assessment of associated risks.
What changed
The Bank of Canada has published its Interest Rate Announcement and Monetary Policy Report for October 28, 2026. This document outlines the Bank's current stance on the overnight rate target and provides its forward-looking projections for Canadian inflation and economic growth, including an analysis of potential risks to these forecasts.
This report serves as an informational notice for financial institutions and market participants regarding the Bank's monetary policy outlook. While it does not impose new direct compliance obligations, understanding the Bank's economic projections and risk assessments is crucial for financial firms in their strategic planning and investment decisions. No specific compliance deadline or penalty is associated with this report.
Source document (simplified)
Interest Rate Announcement and Monetary Policy Report
October 28, 2026 09:45 (ET)
On eight scheduled dates each year, the Bank of Canada announces the setting for the overnight rate target in a press release explaining the factors behind the decision. Four times a year, Governing Council presents the Monetary Policy Report: the Bank’s base-case projection for inflation and growth in the Canadian economy, and its assessment of risks.
Content Type(s): Upcoming events
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