bankofcanada.rates.policy
Get Bank of Canada overnight target rate and prime lending rate history from the Valet API. overnight_rate_pct (series V39079): the Bank of Canada target for the overnight rate — its primary monetary policy instrument. prime_rate_pct (series V80691311): the prime lending rate set by financial ins...
This record as markdown: /tools/io-github-whiteknightonhorse-apibase/bankofcanada.rates.policy.md
What bankofcanada.rates.policy does on Apibase
AI agents use bankofcanada.rates.policy to create or update resources in Apibase, usually the action step of a workflow, after the agent has gathered context. Every call changes real data in your Apibase environment.
| Parameter | Type | Required | Description |
|---|---|---|---|
recent | integer | — | Number of most-recent observations to return (default 10). Rate changes occur on scheduled BoC announcement dates (roughly 8 times per year). Ignored when start |
end_date | string | — | End date for historical range in YYYY-MM-DD format (e.g. "2026-06-22"). Defaults to the most recent available date. |
start_date | string | — | Start date for historical range in YYYY-MM-DD format (e.g. "2020-01-01"). Overnight rate history goes back to 1994. |
Parameters from the server's own tool schema.
Why bankofcanada.rates.policy is rated Medium
An AI agent can call bankofcanada.rates.policy faster than any human can review: one bad instruction and it creates or modifies resources in Apibase by the hundred, each call as confident as the last.
Attacks that exploit this kind of access
The rule that runs bankofcanada.rates.policy safely
PolicyLayer is an MCP gateway: it sits between your AI agents and Apibase, and checks every tool call against a rule you set before the call runs. Nothing changes on the server itself. For bankofcanada.rates.policy, this is the rule to start with:
bankofcanada.rates.policy stays usable, but capped: an agent stuck in a loop can't make hundreds of changes a minute. Everything else on the server is denied unless you say otherwise.
The button opens the PolicyLayer dashboard: create your workspace, connect Apibase, apply this rule, and every bankofcanada.rates.policy call is checked against it from then on.
Questions about bankofcanada.rates.policy
Get Bank of Canada overnight target rate and prime lending rate history from the Valet API. overnight_rate_pct (series V39079): the Bank of Canada target for the overnight rate — its primary monetary policy instrument. prime_rate_pct (series V80691311): the prime lending rate set by financial institutions as a function of the overnight rate. Rate changes occur on scheduled Bank of Canada announcement dates (approximately 8 times per year). Returns the 10 most-recent observations by default; use start_date/end_date for historical ranges going back to 1994. Essential for Canadian mortgage, loan, and bond analysis. Source: Bank of Canada, www.bankofcanada.ca — open data, attribution required. It is categorised as a Write tool in the Apibase MCP Server, which means it can create or modify data. Consider rate limits to prevent runaway writes.
bankofcanada.rates.policy accepts 3 parameters: recent, end_date, start_date. The full parameter table on this page comes from the server's own tool schema.
Register the Apibase MCP server in PolicyLayer and add a rule for bankofcanada.rates.policy: allow, deny, rate-limit, or require approval. Point your MCP client at the PolicyLayer proxy URL and the rule is enforced on every call, before it reaches Apibase. Nothing to install.
bankofcanada.rates.policy is a Write tool with medium risk. Write tools should be rate-limited to prevent accidental bulk modifications.
Yes. Add a rate_limit block to the bankofcanada.rates.policy rule in your PolicyLayer policy. For example, setting max: 10 and window: 60 limits the tool to 10 calls per minute. Rate limits are tracked per agent session and reset automatically.
Set action: deny in the PolicyLayer policy for bankofcanada.rates.policy. The AI agent will receive a policy violation error and cannot call the tool. You can also include a reason field to explain why the tool is blocked.
bankofcanada.rates.policy is provided by the Apibase MCP server (apibase-mcp-client). PolicyLayer sits as a proxy in front of this server to enforce policies before tool calls reach the server.
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