Dona Jaynell

2024 Interest Rates Canada Bank. The bank of canada reduces its policy rate by 0.25% to 4.25%. Cibc and national bank are the only two among the big 6 banks currently forecasting that the bank of canada’s policy rate will drop to 3.50% by the end of this.

The bank of canada cut its key interest rate by 25bps to 4.75% in its june 2024 meeting, as expected, and signaled that more rate cuts are to be. 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.