The full statement from the October 2026 FOMC rate decision

The full statement from the October 2026 rate decision: The Federal Open Market Committee approved the following statement for release by a 10 – 2 vote:The Committee decided to maintain the target range for the federal funds rate at 3-3/4 to 4 percent, in support of the Federal Reserve's dual mandate. The Committee is continuing its policy of maintaining ample reserves in the banking system.Economic activity is expanding at a strong pace.

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investingLive: FOR IMMEDIATE RELEASEMedia RelationsOttawa, OntarioOctober 28, 2026Share this page on FacebookShare this page on XShare this page on LinkedInShare this page by emailThe Bank of Canada today increased its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%.Since the July Monetary Policy Report, global economic activity has remained resilient, despite higher energy prices.

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