Forex Fundamentals
Bank of Canada Rate Decision

Bank of Canada Rate Decision 7 June 2023

Bank of Canada Rate Decision 7 June 2023: 4.75%, above the 4.5% forecast and up from 4.5% in April 2023. It is the highest of the last 12 releases. 2 of the last 12 releases came in above the forecast. It was released on Wed 7 Jun 2023 at 14:00 UTC.

These figures were verified on 4 Oct 2026 from the source: Bank of Canada. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
4.75%
Forecast
4.5%
The market consensus
Previous
4.5%
As the source gives it

What a print like this usually does

Above the forecast: A rate increase, or a less dovish decision than markets expect, would usually strengthen the Canadian dollar sharply as expected returns rise.

Bank of Canada Rate Decision 7 June 2023: 4.75% against a 4.5% forecast, with the last 12 releases
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Cite this release

If you cite this release, please link to this page:

Bank of Canada Rate Decision 7 June 2023: 4.75% vs 4.5% forecast (Bank of Canada). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/boc/2023-06-07

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
7 Jun 2023—4.75%4.5%4.5%
12 Apr 2023—4.5%4.5%4.5%
8 Mar 2023—4.5%4.5%4.5%
25 Jan 2023—4.5%4.5%4.25%
7 Dec 2022—4.25%4.25%3.75%
26 Oct 2022—3.75%4%3.25%
7 Sep 2022—3.25%3.25%2.5%
13 Jul 2022—2.5%2.25%1.5%
1 Jun 2022—1.5%1.5%1%
13 Apr 2022—1%1%0.5%
2 Mar 2022—0.5%0.5%0.25%
26 Jan 2022—0.25%0.25%0.25%
The release before:Bank of Canada Rate Decision 12 April 2023The release after:Bank of Canada Rate Decision 12 July 2023Bank of Canada Rate Decision: every recent resultThis week’s economic calendar