Rate Cuts 2024 Canada

Rate Cuts 2024 Canada. 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%. Canada's annual inflation rate cooled to 2.8 per cent in february, beating many economists' expectations and raising hopes the bank of canada will soon start cutting its benchmark.


Rate Cuts 2024 Canada

According to economists polled by reuters, an interest rate cut is forecasted for the second quarter of next year. The bank of canada today published its 2024 schedule for policy interest rate announcements and the release of the quarterly monetary policy report.

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