rates
THE CENTRAL BANK GOES ALL IN
7.00%
6.00%
5.75%
5.00%
4.50%
4.00%
3.25%
3.00%
2.00%
2.00%
2.00%
1.75%
1.00%
0.25%
0.25%
0.00%
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
MONTHS FROM PEAK INTEREST RATE
FEB PEAK
NOV PEAK
JUN PEAK
DEC PEAK
DATA: BANK OF CANADA POLICY INTEREST RATE; EACH SERIES BEGINS WITH PEAK RATE BEFORE DECLINE
SOURCE: STATISTICS CANADA
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