Bank of Canada's key interest rate vs. inflation rate

Bank of Canada's key interest rate vs. inflation rate

Feb. 2025 year-over-year inflation jumped to 2.6%. Current key interest rate is 2.75% as of March 12, 2025.

Beginning of COVID-19 pandemic

Inflation rate (%)

Policy rate (%)

Chart: CTVNews.caSource: Bank of Canada and Statistics CanadaCreated with Datawrapper