01/24/2026
Likely to hold rates, I think 🤔
What Do You Think the Bank of Canada Will Do on January 28, 2026?
The Bank of Canada’s next interest rate announcement is set for Wednesday, January 28, 2026 at 9:45 a.m. ET, when it will announce its target for the overnight rate and release its Monetary Policy Report.
At its December 10, 2025 meeting, the BoC held the policy rate at 2.25%, choosing neither to raise nor cut.
That followed two consecutive rate cuts during 2025, but recent statements from the Bank and economists suggest the easing cycle may be over or paused for now.
▪️Inflation in Canada ticked up to 2.4% in December 2025, slightly above expectations — which has dampened hopes of an early rate cut.
▪️At the same time, underlying inflation measures are easing closer to the BoC’s 2% target, indicating inflation pressures might be broadly in line with goals.
▪️Markets and economists are watching these signals closely, and many currently expect the BoC to hold rates at 2.25% in January.
As we approach January 28, we’d love to hear from everyone:
👉 Do you think the Bank of Canada will:
🟡 Hold rates at 2.25%
🔻 Cut the rate
🔺 Raise the rate
📊 Something else (please specify)
Tell us why you think that — are you watching inflation data, housing markets, employment figures, or something else?
