Bank of Canada Interest Rate Holds at 1.75% for December 2018

December 6, 2018 • Financial, Real Estate

The Bank of Canada interest rate is staying at 1.75% for the rest of 2018.

On December 5, 2018, the Bank of Canada (BOC) announced that the overnight rate is remaining at 1.75%. The Bank Rate is correspondingly 2% and the deposit rate is 1.5%.

Find out the BOC’s reasoning for the stay and what this means to the Canadian housing market on the Purview blog:

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