Bank Of Canada Interest Rate Calendar 2024 Schrikkeljaar

Bank Of Canada Interest Rate Calendar 2024 Schrikkeljaar. The bank of canada finished off 2024 with a fifth consecutive rate cut, lowering its trend setting rate by 0.5% to 3.25%. Forecasters are expecting rate cuts from the bank of canada in 2024, but there are risks to the inflation outlook that could put that timeline in jeopardy.

In its final announcement of 2024, the bank of canada cut interest rates by 50 basis points, bringing the overnight rate down to 3.25%. Here’s why, and what to expect for the rest of 2024.