Bank of Canada Interest Rate Decision, March 2025
The Bank of Canada lowered the overnight rate target 25 bp to 2.75% on March 12, 2025, as expected.
What the BoC decided in March 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 39 pips, from 1.43859 to 1.44246, and was at 1.44206 at the announcement.
- The first spike After 10 minutes price went through the hour's high and ran 5.5 pips past it.
- The close back A five-minute candle closed back inside the range after 15 minutes.
- The other side Price then traded through the opposite edge of the range within four hours.
- The moves From the last price before the announcement: −4.9 pips at 15 minutes, −7.4 pips at one hour, −54 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 of the closed-back cases. Counts include the decisions where it did not close back. All BoC dates · BoC overview.
BoC March 2025 decision: questions
What time was the BoC interest rate decision on Mar 12, 2025?
It was announced at 9:45 AM EDT (9:45 AM EDT New York, 1:45 PM London London), with the press conference at 10:30 AM EDT.
What did the BoC decide in March 2025?
Cut 25 bp to 2.75% (previous 3.00%). Economists expected: cut 25 bp to 2.75%, so the decision was as expected.
How did USD/CAD react to the BoC decision in March 2025?
On one-minute candles: the hour before ranged 39 pips; the first spike went above it by 5.5 pips; a five-minute candle closed back inside after 15 minutes; after one hour USD/CAD was −7.4 pips from its pre-announcement price.
Learn the read behind every projection.
Forexia teaches the same read this site measures: where the stops rest before a release, the hunt, and the close back that says it is done. Courses, live signals for members, and a community of traders who chart the same way.