PolymarketMacro / FedLikely noiseUpdated 13m ago

Will the Bank of Canada make no change to the target for the overnight rate at the October interest rate announcement?

As of Oct 19, 2026, 5:09 PM ET, Polymarket priced this market at 27.7% (down from 32.1% 24 hours earlier). It had $39.5K traded in the past 24 hours, $11.8K of order-book liquidity and a bid-ask spread of 2.0 pts. probcast.co rates the support behind this price as weak.

Market probability
27.7%
−4.4 percentage points
over 24 hours32.1% → 27.7%
Big move, weak backing

Thin market where small orders can move the price — and today's move was spread across many accounts.

Price historyPolymarket

Source: Polymarket price history

How credible was the move?

Methodology →

Move validity

Weak

Consensus stability

Forming

Contract clarity

High

Can you trust this price?

Two different questions: how hard the price is to move, and whose trading set it.

Market capacity

How hard is it to move this price?

ThinTight spread

Order-book liquidity

$11.8K

Bid-ask spread

2.0 pts

24h volume

$39.5K

Total volume

$108.9K

It would take roughly $706.9 of buying to move the price up by ~5 pts.

Little money on the book — a modest order can move this price, so treat swings with care.

Who's trading

Whose opinion is this price?

Broad participation
12%of the traded money came from the single largest account

Accounts

66

Trades

200

over 12h

Largest order

$868.6

$12.3K traded across these 200 trades (last 12h).

Many independent accounts traded — the price reflects a crowd, not one trader.

Recent trade activity$12.3K traded

From the latest trade tape (most recent 200 prints) — a live activity sample, not a lifetime total.

What this market actually measures

This market will resolve according to the change in basis points in the target for the overnight rate resulting from the October 2026 interest rate announcement of the Bank of Canada, relative to the level it was prior to this announcement. The resolution source will be official information from the Bank of Canada, including the statement or release from its October 2026 interest rate announcement, scheduled for Octo…

This summary shows the opening of the venue's official rules. ProbCast has not yet generated an independent plain-English interpretation for this contract — review the full rules before relying on it.

View full official resolution rules

This market will resolve according to the change in basis points in the target for the overnight rate resulting from the October 2026 interest rate announcement of the Bank of Canada, relative to the level it was prior to this announcement. The resolution source will be official information from the Bank of Canada, including the statement or release from its October 2026 interest rate announcement, scheduled for October 28, 2026, as listed on the official Bank of Canada calendar (https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/#target-dates). This market may resolve as soon as the statement or release of the Bank of Canada resulting from its October 2026 interest rate decision with relevant data is issued. If the specified rate is defined by an upper and lower bound, the relevant change will be the change to the upper bound. If the specified rate is changed to a level not expressed in the displayed options, the change will be rounded according to the following guidelines. Increases or decreases of less than 25 bps will be rounded to 25 bps (e.g. an increase or decrease of 10 bps would be considered to be an increase or decrease of 25 bps). Increases or decreases of greater than 25 bps will be rounded to the nearest 25 bps and will be rounded away from 0 in cases of equidistance (e.g., an increase or decrease of 37.5 bps would be considered to be an increase or decrease of 50 bps). Displayed options of “Increase” or “Decrease” will include policy rate increases or decreases of any size. If the specified announcement is postponed to a date and time before the start of the next scheduled announcement, this market will resolve based on the outcome of that postponed announcement. If the specified announcement is cancelled, or postponed such that no decision is announced by the start of the next scheduled announcement, this market will resolve to the “No Change” bracket. Emergency changes to the specified rate not resulting from the specified announcement will not be considered.

Resolution source: bankofcanada.ca

Why the odds moved

The probability fell 4.4 percentage points over the last 24 hours (32.1% → 27.8%).

No verified catalyst has been linked to this move yet. ProbCast does not attribute moves to news without evidence connecting the timing of a specific report to the repricing.

What could move this market next?

  • The scheduled event takes placeOctober 27, 2026 at 8:00 PM ET

    The contract resolves on the event's outcome.

  • Confirmation at the resolution source (bankofcanada.ca)

    The rules name this source as the basis for settlement.

Derived from the contract's own mechanics as of Oct 19, 5:22 PM ET. ProbCast does not list scheduled meetings, announcements, or data releases it cannot verify.

Advanced analysis (experimental)

Research signals — these models are still accumulating the history needed for full validation, and they can disagree with the headline read. Model confidence: low · expected error ±24 pts.

Reacting to newsLegacy movement classifier: noisy

What's happening

medium classifier confidence
Reacting to news

The price is actively repricing on real volume. The number is still moving — don't treat the latest print as settled consensus yet.

  • Probability moved 4.4 pts in ≤6h on adequate liquidity

Read the latest price with caution; conditions make it an unreliable summary right now.

More details — reliability score, dynamics, durability
Reliability score
31Low
Where the price path tends to go next69 observed
  • Thin-liquidity spike60%
  • Choppy / mean-reverting27%
  • Trend continuation6%

Short-term motion of the price line (~1h), distinct from the environment above — not a prediction of the final outcome.

DurabilityMedium· half-life <1h
PredictabilityStable

Secondary read: leaning toward Thin market.

A read-only classification of the market environment — how much weight the current price deserves as a read of consensus. It describes conditions, never a trade.

Change (pts)1H-0.36H-4.424H-4.47D-4.4

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