Interest Rate Cuts 2024 Canada. The bank of canada's key interest rate fell by 25 basis points on wednesday, a move that will immediately be felt by canadians with variable rates of debt. The bank of canada cut its key interest rate to 4.5 per cent on wednesday, a move that was widely expected by economists.


Interest Rate Cuts 2024 Canada

The bank of canada cut its benchmark interest rate by 25 basis points to 4.5 per cent on wednesday, its second consecutive reduction, and signaled more cuts. The bank of canada cut its key interest rate by 25bps to 4.5% in its july 2024 meeting, as expected by a portion of the market, extending the central bank’s 25bps cut from the.

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