Bank Of Canada Rate Cut Schedule 2024. The bank of canada today reduced its target for the overnight rate to 3¾%, with the bank rate at 4% and the deposit rate at 3¾%. It sees the central bank’s policy rate reaching 3.5% this year and before ending the easing cycle next year at 2.75%, which is the.


Bank Of Canada Rate Cut Schedule 2024

It’s the third cut since june, and the first time the central bank has posted three. The bank of canada on wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5%, and said more reductions in borrowing costs.

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