Interest Rate Cuts 2024 Canada. 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. 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.


Interest Rate Cuts 2024 Canada

The bank of canada cut interest rates by a quarter percentage point for a second consecutive meeting and signalled further easing ahead as inflation worries. The bank of canada trimmed its key policy rate on wednesday, the first g7 country to do so, in a widely expected move that will ease pressure on highly indebted.

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