Bank Of Canada Interest Rate Prediction 2024
Bank Of Canada Interest Rate Prediction 2024. On july 24th, the bank of canada announced a rate cut, bringing the interest rate to 4.50%. (august 2024) the boc policy rate increased by 75 basis points (1 basis point is equal to 0.01%) in 2023.
A press release will provide a brief explanation of. 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.