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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Interest Rate Decision fell to 0.25% in March 2020
FMPMonthlyReleased March 2020
Canada Interest Rate Decision fell to 0.25% in March 2020, down 0.5% from February's 0.75% reading.
Latest Release
0.250000
Actual
—
Consensus
0.750000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Bullish CAD | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Bullish CAD | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Bullish CAD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Interest Rate Decision (Canada) was reported at 0.25% in March 2020. The reading fell from the previous value of 0.75%. This is classified as a high-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD). A secondary relationship exists with CAD/JPY, positively correlated (Bullish CAD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (May 28) and Financial Stability Report (May 28).
Auto-generated from current model state · Refreshes on each release · Last update March 2020.
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Interest Rate Decision - CA
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About Interest Rate Decision — Canada
DEFINITION
The Interest Rate Decision is a key financial indicator that reflects the decision made by a central bank or monetary authority to either increase, decrease, or maintain the current interest rates. This decision has a significant impact on the economy, as it affects the cost of borrowing money, inflation rates, and overall economic growth. Investors and businesses closely monitor interest rate decisions as they can have a significant impact on financial markets and investment strategies.
WHY THIS INDICATOR MATTERS
Policy-rate decisions and associated communication are the primary near-term driver of front-end rates, currencies, and equity-discount-rate inputs. Surprises against consensus typically move rates and currencies on release. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2020): actual 0.25 %. Prior reading (Mar 2020): 0.25 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary neutral force in the projection. This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.