One Year Without BOC Interest Rate Change: October 2019 Announcement Holds at 1.75%
The Bank of Canada (BOC) interest rate has officially gone one year without change.
On October 30, 2019, the BOC announced the overnight interest rate is staying at 1.75%, the rate put in place on October 24, 2018.
The October 2019 decision to stay rates again was influenced by many factors, including Canadian housing activity. See what role the housing market had to play on the GeoWarehouse blog: https://www2.geowarehouse.ca/boc-interest-rate-announcement-october-2019/