Canada Interest Rate — 2026 Central Bank Data & Outlook
Canada's central bank interest rate was 2.25% in August 2026, little changed from 2.25% the previous month. A year earlier it stood at 2.75%.
Canada's central bank interest rate stands at 2.25% as of August 2026. The central bank interest rate currently sits at 2.25% (little changed from 2.25% in the prior month). Across the tracked window it has ranged between 0.25% and 5.00%, and is 0.50% lower than a year ago.
The trend
Among the 168 economies tracked on this platform, Canada ranks #158 on central bank interest rate by latest value. It was little changed from 2.25% in the previous month, and compares with a year-earlier 2.75%.
What's driving it
The policy rate is set to balance inflation against growth and employment; it rises to restrain demand and falls to support it.
Recent readings
| Period | Central bank interest rate |
|---|---|
| Aug 2026 | 2.25% |
| Jul 2026 | 2.25% |
| Jun 2026 | 2.25% |
| May 2026 | 2.25% |
| Apr 2026 | 2.25% |
| Mar 2026 | 2.25% |
| Feb 2026 | 2.25% |
| Jan 2026 | 2.25% |
Data: Source: Bank for International Settlements — central bank policy rates. Figures carry an effective date; confirm with the source before relying on them.
Frequently asked questions
What Is the Central Bank Interest Rate in Canada (2026)?
Canada's central bank interest rate was 2.25% in August 2026, little changed from 2.25% the previous month. A year earlier it stood at 2.75%.
Is the central bank interest rate rising or falling in Canada?
It was little changed in the latest reading — 2.25% in August 2026 versus 2.25% a month earlier. Year on year it is lower.
What is central bank interest rate?
It measures the benchmark policy rate set by the central bank, which steers borrowing costs across the economy.