What is the next BoC rate decision?
The Bank of Canada is expected to raise interest rates by 25 basis points at its October 28, 2026 meeting. This is currently the most likely outcome.
Next BoC Rate Decision
Hike 25 bps
Rates are expected to go up
--days
--hours
--min
--sec
Announced Wednesday, October 28 at 9:45 AM ET
How accurate are these forecasts?
Based on previous data, the accuracy is:
The 8 previous decisions were:
- Oct 29, 2025 · Cut 25 bps
- Dec 10, 2025 · Hold
- Jan 28, 2026 · Hold
- Mar 18, 2026 · Hold
- Apr 29, 2026 · Hold
- Jun 10, 2026 · Hold
- Jul 15, 2026 · Hold
- Sep 2, 2026 · Hold
↓ Cut= Hold↑ Hike
1 month before, the market called every decision right.
When is the next BoC meeting?
The next Bank of Canada interest rate announcement is October 28, 2026. The interest rate decision is announced at 9:45 a.m. ET on Wednesday, October 28, 2026, followed by the Governor's press conference 45 minutes later.
Which Bank of Canada interest rate does this forecast refer to?
The target for the overnight rate, the Bank of Canada's policy interest rate.