Bank Of Canada Rate Cuts 2024. Markets and economists expect policymakers led by governor tiff macklem will cut the policy rate by half a percentage point to 3.75% on wednesday, the first reduction of. 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%.
Most financial experts predict a gdp growth rate of 1.5% for 2024, slightly above the central’s bank’s 1.2% forecast. The bank of canada lowered its key interest rate by 25 basis points on wednesday, simultaneously opening the door to bigger cuts if the economy slows more sharply in the.