Rate Cuts 2024 Canada 2024. All interest rate announcements will take place at 10:00 (et), and the monetary policy report will be published concurrently with the january, april, july and october rate announcements. The bank continues to expect the global economy to expand at a rate of.
The bank of canada today reduced its target for the overnight rate to 3ยพ%, with the bank rate at 4% and the deposit rate at 3ยพ%. The lender expects the central bank to end the easing cycle next june with a policy rate of 2.25%.