Canada Interest Rate
Aug 2026 · Monthly
Canada's policy interest rate held at 2.25% in August 2026, unchanged from July. The rate has been at this level since October 2025, marking 11 consecutive months of stability. The current rate is well below the all-time high of 21.07% recorded in August 1981 and above the record low of 0.25% set in February 2022. A year earlier, the rate stood at 2.75%, according to the Bank for International Settlements.
source: Bank for International Settlements
Canada's policy interest rate stood at 2.25% in August 2026, unchanged from the previous month. The rate remains well below the all-time high of 21.07% set in August 1981 and is 2.00 percentage points above the record low of 0.25% from February 2022. The series dates back to July 1960.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 2.3% | 2.3% | 21.1%Aug 1981 | 0.3%Feb 2022 | 1960 – 2026 | Monthly |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Exchange Rate | 1.41 per USD | 1.40 per USD | 1.60 per USD | 0.95 per USD | Jul 2026 | Monthly |
| Inflation Rate | 3.0% | 2.8% | 21.6% | -17.8% | Jul 2026 | Monthly |
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About this series
Interest Rate in Canada averaged 3.3% from 1960 until 2026, reaching an all-time high of 21.1% in Aug 1981 and a record low of 0.3% in Feb 2022. The series is reported monthly with history from 1960.
The policy interest rate is the benchmark rate set by the central bank to influence monetary conditions. It is expressed as an annual percentage and reported on a monthly basis. The series covers data from July 1960 to the present.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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