Bank of Canada Interest Rate Decision, April 2025
The Bank of Canada held the overnight rate target at 2.75% on April 16, 2025, as expected.
What the BoC decided in April 2025
USD/CAD after the BoC decision, minute by minute
One-minute candles, Ottawa time. The box is the hour before the announcement. How we measure.
- The hour beforeUSD/CAD ranged 14 pips, from 1.39142 to 1.39286, and was at 1.39201 at the announcement.
- The first spike After 0 minutes price went through the hour's low and ran 41 pips past it.
- The close back No five-minute candle closed back inside the range within the hour: the first move held.
- The other side Not measured: it needs a close back first.
- The moves From the last price before the announcement: −31 pips at 15 minutes, −31 pips at one hour, −33 pips at four hours.
Across 15 measured BoC decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 12 (80%), and in 6 of those price then took the other side within four hours. In the other 3 the first move held. Median move in the first 15 minutes: 12 pips.
This decision is one where the first move held. Counts include the decisions where it did not close back. All BoC dates · BoC overview.
BoC April 2025 decision: questions
What time was the BoC interest rate decision on Apr 16, 2025?
It was announced at 9:45 AM EDT (9:45 AM EDT New York, 2:45 PM London London), with the press conference at 10:30 AM EDT.
What did the BoC decide in April 2025?
Held at 2.75% (previous 2.75%). Economists expected: hold at 2.75%, so the decision was as expected.
How did USD/CAD react to the BoC decision in April 2025?
On one-minute candles: the hour before ranged 14 pips; the first spike went below it by 41 pips; it did not close back inside within the hour; after one hour USD/CAD was −31 pips from its pre-announcement price.
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