February 3, 2000 Bank Rate Raised by 1/4 Percentage Point to 5 1/4 Per Cent Media Relations Ottawa, Ontario The Bank of Canada raised its Bank Rate today by ¼ of one percentage point to 5¼ per cent. The operating band for the overnight rate was correspondingly increased, and the Bank’s target for the overnight rate is now 5 per cent. Content Type(s): Press, Press releases