Will the Bank of Canada raise rates in December 2026?
There is no consensus figure yet for the Dec 9, 2026 decision. The rate is 2.50%, and the last move was +25 bp on Oct 28, 2026.
Figures as of Nov 3, 2026, 10:15 AM UTC.
What the data says
The latest move was a single rise of 25 bp on Oct 28, 2026.
At its latest decision, on Oct 28, 2026, the BoC: raised 25 bp to 2.50%, as expected.
Since 2008 the BoC matched the consensus in 139 of the 151 decisions the calendar has one for, came out above it in 5 and below it in 7. That is a record of the consensus. The BoC rate odds turn the same record into the chance of each move at each meeting, with how right they have been.
Read the full preview on the BoC December 2026 decision page, the BoC rate history since 2008, or every central bank's rate today.
The next BoC decisions
| Date | Time | Expected |
|---|---|---|
| Dec 9, 2026 | 9:45 AM EST | No consensus yet |
| Jan 27, 2027 | 9:45 AM EST | No consensus yet |
| Mar 17, 2027 | 9:45 AM EDT | No consensus yet |
| Apr 28, 2027 | 9:45 AM EDT | No consensus yet |
The last 8 BoC decisions against the consensus
| Date | Decision | Against expected |
|---|---|---|
| Oct 28, 2026 | hike 2.50% | as expected |
| Sep 2, 2026 | hold 2.25% | as expected |
| Jul 15, 2026 | hold 2.25% | as expected |
| Jun 10, 2026 | hold 2.25% | as expected |
| Apr 29, 2026 | hold 2.25% | as expected |
| Mar 18, 2026 | hold 2.25% | as expected |
| Jan 28, 2026 | hold 2.25% | as expected |
| Dec 10, 2025 | hold 2.25% | as expected |
BoC rates: questions
Will the Bank of Canada raise rates in December 2026?
There is no consensus figure yet for the Dec 9, 2026 decision. The rate is 2.50%, and the last move was +25 bp on Oct 28, 2026. This is what economists expect, not a promise of what the bank will do.
Will the Bank of Canada cut rates in December 2026?
There is no consensus figure yet. The last move was raised 25 bp to 2.50% on Oct 28, 2026.
When is the next BoC decision?
Wednesday, December 9, 2026 at 9:45 AM EST. The press conference follows at 10:30 AM EST.
How often is the consensus right about the BoC?
Since 2008 the BoC matched the consensus in 139 of the 151 decisions the calendar has one for, came out above it in 5 and below it in 7. Agreement on the number does not say how price reacts: an expected move is usually already in the price.
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