Forex Fundamentals
Bank of Canada Rate Decision

Bank of Canada Rate Decision 24 July 2024

Bank of Canada Rate Decision 24 July 2024: 4.5%, in line with the forecast and down from 4.75% in June 2024. It is the lowest reading since April 2023. It was released on Wed 24 Jul 2024 at 13:45 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
4.5%
Forecast
4.5%
The market consensus
Previous
4.75%
As the source gives it

What a print like this usually does

In line with the forecast: The Canadian dollar may move little if the rate decision is fully priced in, though the statement's guidance can still trigger a substantial move.

Bank of Canada Rate Decision 24 July 2024: 4.5% 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 24 July 2024: 4.5% vs 4.5% forecast (Bank of Canada). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/boc/2024-07-24

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
24 Jul 2024—4.5%4.5%4.75%
5 Jun 2024—4.75%4.75%5%
10 Apr 2024—5%5%5%
6 Mar 2024—5%5%5%
24 Jan 2024—5%5%5%
6 Dec 2023—5%5%5%
25 Oct 2023—5%5%5%
6 Sep 2023—5%5%5%
12 Jul 2023—5%5%4.75%
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%
The release before:Bank of Canada Rate Decision 5 June 2024The release after:Bank of Canada Rate Decision 4 September 2024Bank of Canada Rate Decision: every recent resultThis week’s economic calendar