6%
5%
4%
3%
2%
1%
0%
Jan-22 Apr-22 July-22 Oct-22 Jan-23 Apr-23 Jul-23 Oct-23 Jan-24 Apr-24 July-24 Oct-24
Bank of Canada policy rate
Forward policy rate expectation
Oct-23, 5.00%
Oct-24, 4.30%
Source: Bloomberg, Canada OIS Implied Rate as of November 22, 2023
Forward Policy Rate