Interest Rate Cuts 2024 Canada. The bank is continuing its. Expectations for how quickly the bank of canada could cut interest rates have been accelerating in recent months.
The bank of canada on wednesday trimmed its key policy rate by 25 basis points to 4.75%, in a widely expected move that marked its first cut in four years, and. The bank of canada today reduced its target for the overnight rate to 4¼%, with the bank rate at 4½% and the deposit rate at 4¼%.