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 stood at 2.28 per cent in August 2026, compared to 2.26 in July.
Sample. There are 848 observations overall in the monthly series displayed in the figure above. The time range covered by the series stretches from January 1956 to August 2026.
History. Here's a glimpse of a few statistics we computed on the entire sample: the interest rate recorded its highest level of 22.01 per cent in August 1981; it recorded a bottom of 0.06 in January 2021; it had an average value of 5.44.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-06-30 | 2.2725 |
| 2026-07-31 | 2.258 |
| 2026-08-31 | 2.28 |
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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.