Effective April 28, 2022, the yield on the 7-day BoBC was adopted as the anchor policy rate and is referred to as the Monetary Policy Rate (MoPR). Following the increase in the MoPR by 51 basis points, the yield on the 7-day BoBC increased by the same magnitude, from 1.14 percent to 1.65 percent, for a paper maturing on May 11, 2022.