Bank of Canada interest rates, from 1935 to present
Chart 1:
[from 1935 to 1975] and chart 2:
[from 1975 to present]
Bank of Canada rates displayed are based on last Wednesday of each month.
Compare this interest rate chart with our [long term property value] graph.
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Bank of Canada rates displayed
The Bank of Canada operates a system to make sure trading in the overnight market stays within its "operating band." This band, which is one-half of a percentage point wide, always has the Overnight Rate Target at its centre. For example, if the operating band is 2.50 to 3.00 per cent, the Overnight Rate Target would be 2.75 per cent. The Bank Rate indicated in the charts above is the top of the operating band. For more details visit the Bank of Canada website.
http://www.bcrealtor.com/d_bkcan.htm
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