Bank of Canada to announce interest rate decision Wednesday

The Bank of Canada will announce its next interest rate decision on Wednesday, Oct. 28, alongside the release of its quarterly Monetary Policy Report.

The announcement is scheduled for 11:15 a.m. Newfoundland time (9:45 a.m. Eastern time).

A press release will explain the bank’s decision on its target for the overnight interest rate. The Monetary Policy Report will provide the bank’s latest assessment of the Canadian economy and its outlook for inflation and economic growth.