Short-term interest rate (per cent) - Canada - OECD - Monthly
This series is part of the dataset: OECD interest rates
Download Full Dataset (.xlsx)Latest updates. In Canada, the short-term interest rate was 2.27 per cent in June 2026, compared to 2.29 in the previous month.
Sample. In this monthly series, there are 846 observations. The period covered by the series is from January 1956 to June 2026.
History. Here's a snapshot of a few summary statistics computed on the full sample: the interest rate had a mean of 5.45 per cent; it reached its minimum of 0.06 in January 2021; it peaked at 22.01 in August 1981.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-04-30 | 2.272 |
| 2026-05-31 | 2.2925 |
| 2026-06-30 | 2.2725 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Short-term interest rate |
| Country | Canada |
| Economic concept | Interest rate |
| Data type | Annual interest rate |
| Seasonally adjusted | No |
| Deflation method | Not applicable |
| Rescaling | None |
| Measure type | Level |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | OECD |
| Source type | International organization |
| Data licence | Redistributable with citation |
| Other information | Short-term interest rates are the rates at which short-term borrowings are effected between financial institutions or the rate at which short-term government paper is issued or traded in the market. |
| FSR temporal aggregation code | LM1 |
Series in the same data set
Discover the other time series included in this data set.