{
  "data": {
    "id": "bank-of-canada-2026-03-18",
    "bank": "bank-of-canada",
    "bankName": "Bank of Canada",
    "country": "CA",
    "date": "2026-03-18",
    "announceAt": "2026-03-18T13:45:00Z",
    "timezone": "America/Toronto",
    "dateStatus": "published",
    "movedFrom": null,
    "rateBefore": 2.25,
    "step": 0.25,
    "calendarSource": "https://www.bankofcanada.ca/2025/08/bank-canada-publishes-2026-schedule-policy-interest-rate-announcements-other-major-publications/",
    "citation": "Listed in the Bank's 2026 schedule press release (and in the schedule table on the policy interest rate page); the release states all interest rate announcements take place at 09:45 (ET).",
    "settleSource": {
      "role": "decision-statement",
      "pattern": "https://www.bankofcanada.ca/<YYYY>/<MM>/fad-press-release-<YYYY-MM-DD>/",
      "foundAt": "https://www.bankofcanada.ca/wp-sitemap.xml",
      "example": "https://www.bankofcanada.ca/2026/09/fad-press-release-2026-09-02/",
      "resolvable": false,
      "reads": {
        "right": 1,
        "wrong": 0,
        "void": 0
      }
    },
    "observed": {
      "at": "2026-03-18T13:45:00Z",
      "rateBefore": 2.25,
      "rateAfter": 2.25,
      "direction": "hold",
      "statement": "https://www.bankofcanada.ca/2026/03/fad-press-release-2026-03-18/",
      "observed": true
    },
    "page": "https://macroindex.org/bank/bank-of-canada/decision/2026-03-18",
    "account": {
      "summary": "The Bank of Canada held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.",
      "reasons": [
        "The Bank said the war in the Middle East had sharply raised global oil and natural gas prices and tightened financial conditions, making the global outlook highly uncertain.",
        "It said Canadian GDP contracted 0.6% in the fourth quarter, the unemployment rate rose to 6.7% in February, and near-term growth looked weaker than it had expected in January.",
        "It said CPI inflation eased to 1.8% in February with core measures close to 2%, but that higher energy prices would push total inflation up in the coming months."
      ],
      "guidance": "The Bank said risks to growth were tilted to the downside while inflation risks had risen, and that it stood ready to respond as needed as the outlook evolves.",
      "quote": "As the outlook evolves, we stand ready to respond as needed.",
      "links": [
        {
          "label": "Summary of deliberations",
          "url": "https://www.bankofcanada.ca/2026/04/summary-governing-council-deliberations-fixed-announcement-date-of-march-18-2026/"
        },
        {
          "label": "Press conference",
          "url": "https://www.bankofcanada.ca/multimedia/press-conference-policy-rate-announcement-march-2026/"
        }
      ],
      "readFrom": [
        "https://www.bankofcanada.ca/2026/03/fad-press-release-2026-03-18/"
      ],
      "at": "2026-10-10"
    }
  },
  "meta": {
    "dataset_version": "2026-10-10.30752eb2",
    "built_at": "2026-10-10T18:04:32Z",
    "generated_at": "2026-10-10T20:38:41.196Z",
    "licence": "CC BY 4.0: credit \"Macro Index\" and link to the site",
    "docs": "https://macroindex.org/openapi.json"
  }
}