Milli Tiphanie

Canada Bank Interest Rates 2024. The bank of canada cut its key interest rate by 25bps to 4.5% in its july 2024 meeting, as expected by a portion of the market, extending the central bank’s. During 2022 and 2023, the boc fought inflation through a combination of quantitative tightening and a series of rate hikes.

On july 24th, the bank of canada cut its interest rate to 4.55%. See changes in the target.