{
  "data": {
    "id": "bank-of-canada-2026-07-15",
    "bank": "bank-of-canada",
    "bankName": "Bank of Canada",
    "country": "CA",
    "date": "2026-07-15",
    "announceAt": "2026-07-15T13:45:00Z",
    "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": "2026-07-15T13:45:00Z",
      "rateBefore": 2.25,
      "rateAfter": 2.25,
      "direction": "hold",
      "statement": "https://www.bankofcanada.ca/2026/07/fad-press-release-2026-07-15/",
      "observed": true
    },
    "page": "https://macroindex.org/bank/bank-of-canada/decision/2026-07-15",
    "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 Canada's economy was showing signs of improvement, with second-quarter growth estimated at 2½% after GDP stalled over the past year.",
        "It said CPI inflation rose to 3.2% in May mainly because of higher gasoline prices, while inflation excluding gasoline was 2.2% and core measures stayed close to 2%.",
        "It projected GDP growth of 0.7% in 2026 and 1.8% in both 2027 and 2028, with CPI inflation returning to around 2% in early 2027."
      ],
      "guidance": "The Bank said Governing Council would continue to assess the strength of the economy and the outlook for inflation and was prepared to adjust monetary policy as needed.",
      "quote": "Governing Council judges the current policy rate remains appropriate to sustain the economic recovery and bring inflation back to the 2% target",
      "links": [
        {
          "label": "Summary of deliberations",
          "url": "https://www.bankofcanada.ca/2026/07/summary-of-governing-council-deliberations-fixed-announcement-date-of-july-15-2026/"
        },
        {
          "label": "Press conference",
          "url": "https://www.bankofcanada.ca/multimedia/press-conference-monetary-policy-report-july-2026/"
        },
        {
          "label": "Monetary Policy Report",
          "url": "https://www.bankofcanada.ca/publications/mpr/mpr-2026-07-15/"
        }
      ],
      "readFrom": [
        "https://www.bankofcanada.ca/2026/07/fad-press-release-2026-07-15/"
      ],
      "at": "2026-10-10"
    }
  },
  "meta": {
    "dataset_version": "2026-10-10.30752eb2",
    "built_at": "2026-10-10T18:04:32Z",
    "generated_at": "2026-10-10T20:38:39.195Z",
    "licence": "CC BY 4.0: credit \"Macro Index\" and link to the site",
    "docs": "https://macroindex.org/openapi.json"
  }
}