Bank Of Canada Interest Rate Cuts 2024. July 24, 2024 at 6:30am edt. The bank of canada today reduced its target for the overnight rate to 4½%, with the bank rate at 4¾% and the deposit rate at 4½%.
The bank of canada cut its benchmark interest rate for the third consecutive time on wednesday, leaving the door open to further cuts while warning that the bank needs to guard against the risk that inflation. The bank of canada on wednesday trimmed its key policy rate by 25 basis points to 4.75%, in a widely expected move that marked its first cut in four years, and.
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