Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Canada
Annual
IR3TIB01CAA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.37
Year-over-Year Change
363.73%
Date Range
1/1/1956 - 1/1/2024
Summary
The 'Annual' economic trend measures the annual rate of change in 3-month Treasury bill yields in Canada. This key interest rate metric is widely tracked by economists and policymakers to assess monetary policy and inflation dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Annual' trend tracks the year-over-year percent change in 3-month Treasury bill yields in Canada. This short-term government debt instrument yield is a critical barometer of monetary policy, capital market conditions, and inflation expectations.
Methodology
The data is collected and calculated by the Bank of Canada from primary market transactions.
Historical Context
Policymakers and market analysts closely monitor this trend to gauge the stance of monetary policy and anticipate future interest rate movements.
Key Facts
- Canada's 3-month T-bill yield averaged 3.5% in 2022.
- The annual rate peaked at 5.2% in November 2022.
- Yields have risen sharply from a low of 0.1% in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the year-over-year percent change in Canada's 3-month Treasury bill yields, a key short-term interest rate.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely followed by economists, policymakers, and investors to assess monetary policy, inflation dynamics, and capital market conditions in Canada.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank of Canada from primary market transactions in 3-month T-bill securities.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to gauge the stance of monetary policy and anticipate future interest rate movements.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Annual (IR3TIB01CAA156N), retrieved from FRED.