April 21, 2009 / 2:37 PM / 10 years ago

CHRONOLOGY-Bank of Canada rate changes since 2000

 TORONTO, April 21 (Reuters) - The Bank of Canada lowered
its overnight rate by 25 basis points on Tuesday to a historic
low of 0.25 percent.
 The central bank also took the unusual step of providing
guidance on rates, saying it will keep the key overnight rate
at 0.25 percent until mid-2010. [ID:nN21297335]
 In addition, it made no explicit commitment to taking
unconventional measures to spur the economy even as it forecast
a deeper recession than it had previously expected.
 The central bank's next rate announcement is due June 4.
BOCFAD
 The following is a chronology of the Bank of Canada's
changes to the overnight rate since 2000. Moves are measured in
basis points (bps), each of which equals one-hundredth of a
percentage point:
 2009
 April 21 - Cut 25 bps     to 0.25 pct
 March 3  - Cut 50 bps     to 0.50 pct
 Jan. 20  - Cut 50 bps     to 1.00 pct
 2008
 Dec. 9   - Cut 75 bps     to 1.50 pct
 Oct. 21  - Cut 25 bps     to 2.25 pct
 April 22 - Cut 50 bps     to 3.00 pct
 March 4  - Cut 50 bps     to 3.50 pct
 Jan. 22  - Cut 25 bps     to 4.00 pct
 2007
 Dec. 4   - Cut 25 bps     to 4.25 pct
 July 10  - Raised 25 bps  to 4.50 pct
 2006
 May 24   - Raised 25 bps  to 4.25 pct
 April 25 - Raised 25 bps  to 4.00 pct
 March 7  - Raised 25 bps  to 3.75 pct
 Jan. 24  - Raised 25 bps  to 3.50 pct
 2005
 Dec. 6   - Raised 25 bps  to 3.25 pct
 Oct. 18  - Raised 25 bps  to 3.00 pct
 Sept 7,  - Raised 25 bps  to 2.75 pct
 2004
 Oct. 19  - Raised 25 bps  to 2.50 pct
 Sept 8   - Raised 25 bps  to 2.25 pct
 April 13 - Cut 25 bps     to 2.00 pct
 March 2  - Cut 25 bps     to 2.25 pct
 Jan. 20  - Cut 25 bps     to 2.50 pct
 2003
 Sept. 3  - Cut 25 bps     to 2.75 pct
 July 15  - Cut 25 bps     to 3.00 pct
 April 15 - Raised 25 bps  to 3.25 pct
 March 4  - Raised 25 bps  to 3.00 pct
 2002
 July 16  - Raised 25 bps  to 2.75 pct
 June 4,  - Raised 25 bps  to 2.50 pct
 April 16 - Raised 25 bps  to 2.25 pct
 Jan. 15  - Cut 25 bps     to 2.00 pct
 2001
 Nov. 27  - Cut 50 bps     to 2.25 pct
 Oct. 23  - Cut 75 bps     to 2.75 pct
 Sept. 17 - Cut 50 bps     to 3.50 pct
 Aug. 28  - Cut 25 bps     to 4.00 pct
 July 17  - Cut 25 bps     to 4.25 pct
 May 29   - Cut 25 bps     to 4.50 pct
 April 17 - Cut 25 bps     to 4.75 pct
 March 6  - Cut 50 bps     to 5.00 pct
 Jan. 23  - Cut 25 bps     to 5.50 pct
 2000
 May 17   - Raised 50 bps  to 5.75 pct
 March 22 - Raised 25 bps  to 5.25 pct
 Feb. 3   - Raised 25 bps  to 5.00 pct
 (Compiled by Ka Yan Ng)


0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below