Interest Rate Cuts 2024 Canada . The bank of canada today reduced its target for the overnight rate to 4¼%, with the bank rate at 4½% and the deposit rate at 4¼%. Here's what it means for borrowers.
The bank of canada started reducing the benchmark overnight rate in june, and has since lowered it by 25 basis points at its july and september meetings, bringing. The bank of canada will announce its interest rate decision this morning as economists widely expect the central bank to opt for a quarter percentage point rate.
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2024 Interest Rates Canada Reba Valera , The bank of canada today reduced its target for the overnight rate to 4¼%, with the bank rate at 4½% and the deposit rate at 4¼%.