Interest Rates 2024 Canada Bank. Most experts believe rates will close out 2024 at 4.00%. Based on their latest market participant survey, the bank of canada’s interest rate forecast also suggests we could see the policy rate reduced to 4.00% by the end of the year.
For more information on the policy interest rate, see this explainer. The bank of canada cut its key interest rate by 25bps to 4.75% in its june 2024 meeting, as expected, and signaled that more rate cuts are to be delivered should inflation continue to slow as expected.
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