Rate Cuts 2024 Canada. Policymakers led by governor tiff macklem lowered the benchmark overnight rate by 25 basis points to 4.75% on wednesday, as widely expected by markets and. The bank is continuing its policy of balance sheet normalization.
The bank of canada today published its 2024 schedule for policy interest rate announcements and the release of the quarterly monetary policy report. The bank of canada’s key interest rate fell by 25 basis points on wednesday, a move that will immediately be felt by canadians with variable rates of debt.