Banks › Bank of Canada › History › 12 Mar 2025
Bank of Canada: decision of 12 March 2025
Bank of Canada cut the target for the overnight rate by 25 bp to 2.75% on 12 March 2025.
Decision
cut
- Rate
- 3.00%↓2.75%
- Change
- −25 bp
- Announced
- 09:45 Toronto time
Sources
- Statement
- bankofcanada.ca/2025/03/fad-press-release-202…
- Recorded
- 12 Mar 2025
- Data
- JSON
Before and after
- Previous decision: 29 Jan 2025, cut the target for the overnight rate by 25 bp to 3.00%.
- Next decision: 16 Apr 2025, held the target for the overnight rate at 2.75%.
- All Bank of Canada decisions and the rate history