The Canadian market is heavily influenced by our own national economy but it is also influenced by international governments. Below is a table we have compiled which will be regularly updated to provide you with up to date bank (or base) rates from around the world.

Canadian Bank Rate Current Rate: 1.00% Previous Change: 0.025% (08/09/10) Last Decision: No Change (31/05/11) Next Decision: July 19th, 2011	United States Bank Rate Current Rate: 0.25% Previous Change: 1.00% (16/12/08) Last Decision: No Change (02/11/11) Next Decision: Dec. 13th, 2011	EURO Bank Rate Current Rate: 1.50% Previous Change: 0.25% (03/11/11) Last Decision: 0.25% (03/11/11) Next Decision: Dec. 8th, 2011
United Kingdom Base Rate Current Rate: 0.50% Previous Change: 0.50% (05/03/09) Last Decision: No Change (06/10/11) Next Decision: Nov. 10th, 2011	Japanese Base Rate Current Rate: 0.10% Previous Change: 0.20% (19/12/08) Last Decision: No Change (27/10/11) Next Decision: Nov. 16th, 2011	Australia Base Rate Current Rate: 4.75% Previous Change: 0.25% (01/11/11) Last Decision: 0.25% (01/11/11) Next Decision: Dec. 6th, 2011

What is the Bank of Canada?

The Bank of Canada is not a financial institution that has retail operations like a traditional bank. It is the financial arm of Canada, it regulates Canada’s Monetary policy, currency, and financial systems. The Bank of Canada helps deal with inflation, mortgage rates (indirectly) and several other key components to our economic engine.

Disclaimer: BankNerd.ca and any affiliates of BankNerd.ca do not take responsiblity for the accuracy of the table above. Please contact us if there are any discrepancies.